Form 4: UMB Financial Corp Executive Stacy H King Reports Stock Disposal
SEC Form 4 Filing
Stacy H King, Chief Risk Officer of UMB Financial Corp, disposed of 338 shares of common stock to cover tax obligations.
Summary
- On July 29, 2024, Stacy H King, the Chief Risk Officer of UMB Financial Corp, disposed of 338 shares of common stock.
- The transaction was executed at a price of $98.03 per share.
- Following the transaction, King directly owns 6,767 shares of UMB Financial Corp common stock.
- King also indirectly owns 39.7315 shares through an ESOP.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a disposal of shares by the Chief Risk Officer, which could be for tax purposes or personal financial management.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is often a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of stock disposal transaction |
| 07/31/2024 | Date of signature for the report |
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