Insider Trends: Insider at UMB Financial Converts/Exercises Derivative Security, Sells for Taxes and Self, Buying Trend Remains Intact
06:24 PM EST, 02/04/2021 (MT Newswires) -- On Feb 02, 2021, Director and Chairman & CEO, J Mariner Kemper, exercised options/derivative securities for 4,620 shares. A portion of these optioned shares (802 shares) were sold for tax obligations and an additional 3,741 shares were sold for $275,055. Following the Form 4 filing with the SEC, Kemper controls 2,981,343 company shares of which 194,058 shares are held directly and 2,787,285 are owned indirectly. These holdings have an approximate market value of $221.1 million as of the prior-day closing price.
In the 90 days previous to the date of this filing, there have been 54 insider transactions reported to the SEC for UMB Financial. These transactions came from the activities of 22 separate insiders that resulted in a net acquisition of 32,687 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 1 insider that resulted in the disposition of 11,087 shares.
This is lower than the average level of insider transactions in the 212-company Corporate Banks peer group over the last 90-day period. Within the peer group activity averaged 103.9 transactions per company, and disposition of 1,168 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/101382/000112760221004051/xslF345X03/form4.xml
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