Form 4: UMB Financial Corp Executive Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Phillip James Mason, President of Institutional Banking at UMB Financial Corp, disposed of shares to cover tax obligations arising from vested restricted stock units.
Summary
- On February 9, 2025, Phillip James Mason, President of Institutional Banking at UMB Financial Corp, reported a transaction involving the disposal of 148 shares of common stock.
- The shares were disposed of at a price of $114.11 per share.
- Following the transaction, Mason directly owns 9,659.419 shares of UMB Financial Corp common stock.
- Mason also indirectly owns 837.883 shares through a 401(k) and 213.419 shares through an ESOP.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects a routine transaction to cover tax obligations, which is a normal part of executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 02/09/2025 | Date of the stock disposal transaction. |
| 02/11/2025 | Date of signature for the Form 4 filing. |
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