Form 4: UMB Financial Corp Executive Shannon Johnson Executes Stock Options and Sells Shares
SEC Form 4 Filing
Shannon Johnson, Chief Administrative Officer of UMB Financial Corp, exercised stock options and sold shares on August 15, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 15, 2024, Shannon Johnson, Chief Administrative Officer of UMB Financial Corp, executed stock options to acquire 2,709 shares at $51.42 and 2,967 shares at $47.68.
- Johnson also sold a total of 2,798 shares of common stock at prices ranging from $96.68 to $97.14 on the same day.
- Following these transactions, Johnson directly owns 20,985.1252 shares of UMB Financial Corp.
- Johnson also indirectly owns 320.0736 shares through an ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The sales could be for personal financial management and not necessarily indicative of a negative outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors seeking insights into management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Monitoring insider trading activity is a common practice in financial analysis.
- Comparing the volume and frequency of insider transactions at UMB Financial Corp to those of its peers (e.g., Commerce Bancshares, Inc., Bank of Kansas City) can provide insights into the relative confidence levels of executives in their respective companies.
- Significant and consistent selling activity might raise concerns, while consistent buying could signal optimism.
Stakeholder Impact
- Shareholders may interpret the insider selling activity as a signal, although it's a relatively small percentage of overall holdings.
- The impact on employees, customers, suppliers, and creditors is likely minimal, as this is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 02/05/2018 | Original Expiration Date of Stock Option (Right to Buy) with exercise price of $47.68 |
| 08/15/2024 | Date of earliest transaction: stock option exercise and sale of shares. |
| 02/11/2025 | Expiration Date of Stock Option (Right to Buy) with exercise price of $51.42 |
| 02/05/2026 | New Expiration Date of Stock Option (Right to Buy) with exercise price of $47.68 |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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