Form 4: UMBF CEO Gifts Shares to Family Trust

UMB Financial Corp's Chairman and CEO, J Mariner Kemper, reported gifting 9,000 shares of common stock to a trust.

Summary

• J Mariner Kemper, Chairman and CEO of UMB Financial Corp (UMBF), reported a change in beneficial ownership.
• On November 1, 2018, Kemper directly disposed of 9,000 shares of UMBF common stock.
• Concurrently, 9,000 shares of UMBF common stock were indirectly acquired by the Megan Kemper Trust.
• Both transactions were reported as gifts (Transaction Code 'G') with a price of $0 per share.
• Following these transactions, Kemper directly owns 181,189.1804 shares.
• Indirect beneficial ownership includes 9,000 shares by Megan Kemper Trust, 1,000 shares by Daughter Custodial Brokerage Account, 2,309.08 shares by Esop, 1,000 shares by Son Custodial Brokerage Account, 21,460 shares by Trust TUW RC Kemper For John Mariner, 12,558 shares by Trust: Mary S Hunt Trust, 288,945 shares held by Kemper Realty, 392,029 shares held by Pioneer Service Corporation, and 1,536,781 shares by Trust RC Kemper Irrevocable Trust.

Sentiment

Score: 5

Explanation: The transaction is a gift of shares from the CEO to a family trust, which is a neutral event for the company's operational performance or market valuation. It reflects internal estate planning rather than a market-driven decision.

Positives

• The transaction represents a gift, not a sale, indicating no direct cash outflow for the reporting person.
• The shares remain within the beneficial ownership of the Kemper family through a trust, maintaining alignment of interests.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The gift of 9,000 shares from J Mariner Kemper to the Megan Kemper Trust is a related party transaction.

Stakeholder Impact

• Shareholders: Minimal direct impact on public shareholders as it is an internal transfer. It confirms continued significant insider ownership.
• Management: Reflects personal financial planning by the CEO.

Key Dates

Recommendation

This Form 4 reports a gift of shares from the CEO to a family trust. Such a transaction is generally considered neutral and does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It primarily reflects personal estate planning.

Keywords

UMB Financial Corp, UMBF, J Mariner Kemper, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, CEO, Director, Trust