UMB Financial Corp. CEO Mariner Kemper Sells Shares Amid Portfolio Rebalance

Mariner Kemper, CEO and Chairman of UMB Financial Corp., reports multiple share transactions by various trusts.

October 02, 2024

UMB Financial's Leader Adjusts Shareholdings:

Mariner Kemper, Chairman and CEO of UMB Financial Corp., has reported a series of share transactions involving multiple trusts associated with his name. According to a recent SEC Form 4 filing, Kemper executed these transactions on October 1, 2024, impacting his indirect ownership of the company’s common stock.

The filing, submitted on October 2, 2024, outlines several sales of UMB Financial Corp. (UMBF) common stock across various trusts and custodial accounts. The transactions included multiple sales by the RC Kemper Irrevocable Trust, totaling over 24,000 shares disposed of in a series of trades at prices ranging from $100.91 to $103.02. Following these transactions, the trust retains more than 1.6 million shares, reflecting a substantial position in UMB Financial Corp.

The reported sales consist of four separate transactions by the RC Kemper Irrevocable Trust, with the shares sold at progressively increasing prices:

• 700 shares sold at $100.91


• 15,245 shares sold at an average price of $101.56


• 7,555 shares sold at $102.27


• 800 shares sold at $103.02

These trades collectively demonstrate an effort to strategically rebalance the holdings across Kemper's diverse set of trusts. Alongside these transactions, Kemper maintains ownership across various accounts, including custodial brokerage accounts for his children, multiple family trusts, and other entities such as Kemper Realty and Pioneer Service Corporation. These accounts collectively hold hundreds of thousands of additional UMB Financial shares, signifying Kemper's deep investment in the company's future.

Implications of the Portfolio Adjustments

The share sales come at a time when the UMB Financial Corp., a Kansas City-based financial holding company, continues to navigate the evolving banking landscape. Kemper’s decision to sell shares through the irrevocable trust could be influenced by several factors, such as financial planning, diversification strategies, or portfolio adjustments.

It is not uncommon for executives like Kemper to make transactions involving significant shareholdings for personal financial planning, estate management, or other strategic reasons. The transactions made by the RC Kemper Irrevocable Trust reflect a calculated approach to managing the holdings without significantly impacting the overall ownership stake in the company.

With over 1.6 million shares still held in the trust and additional shares spread across family trusts and other entities, Kemper maintains a strong financial interest in UMB Financial Corp., indicating his continued confidence in the institution's direction and performance.