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Nasdaq · USD

UMBF

UMB FINANCIAL CORP

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Tapewire entity
2021
SEC CIK
0000101382
Parsed reports
1,215

Last 12 months

Inside the activity.

6 purchase rows · 25 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202522
Dec 202502
Jan 202600
Feb 202624
Mar 202600
Apr 202600
May 202600
Jun 202604
Jul 202602
Aug 2026011
Sep 202620
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
August 01, 2017 Filed Aug 2, 2017 20:47 UTC
Brian J WalkerChief Accounting Officer
Exercise / conversionCommon Stock 500 $38.54 $19,270.00
Disclosure

SEC source: 0001127602-17-024745 · form4.xml · nonDerivative · entry 1

Brian J Walker · CIK 0001405031 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,711.1626

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · balance_after: Reflects shares acquired through the reinvestment of dividends on restricted stock.

Read SEC document
August 01, 2017 Filed Aug 3, 2017 18:19 UTC PurchaseCommon Stock 286.0616 $69.92 $20,001.43
Disclosure

SEC source: 0001127602-17-024850 · form4.xml · nonDerivative · entry 1

GRAVES GREG M · CIK 0001267879 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,691.1688

F1 · balance_after: Includes shares acquired through participation in the UMB Financial Corporation dividend reinvestment plan.

Read SEC document
June 14, 2017 Filed Jun 14, 2017 23:36 UTC
KEMPER J MARINERDirector · Chairman and CEO
SaleCommon Stock 21,600 $75.17 $1,623,684.96
Disclosure

SEC source: 0001127602-17-021457 · form4.xml · nonDerivative · entry 1

KEMPER J MARINER · CIK 0001229109 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust - RC Kemper Irrevocable Trust

Disclosed balance after: 2,139,786

Read SEC document
June 09, 2017 Filed Jun 12, 2017 20:53 UTC SaleCommon Stock 500 $76.32 $38,158.50
Disclosure

SEC source: 0001127602-17-021203 · form4.xml · nonDerivative · entry 3

KEMPER ALEXANDER C · CIK 0001229108 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,809

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 313 $74.68 $23,374.84
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 25

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,334.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 335 $74.79 $25,054.65
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 24

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,647.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 700 $74.77 $52,339.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 23

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,982.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 233 $74.78 $17,423.74
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 22

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,682.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 170 $74.82 $12,719.40
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 21

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,915.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 125 $74.83 $9,353.75
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 20

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,085.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.83 $7,482.50
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 19

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,210.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 241 $74.81 $18,029.21
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 18

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,310.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.74 $7,474.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 17

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,551.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $75.01 $7,501.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 16

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,651.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 79 $74.96 $5,921.84
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 15

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,751.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.88 $7,488.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 14

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,830.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 200 $74.87 $14,974.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 13

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,930.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.84 $7,484.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 12

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,130.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 376 $74.85 $28,143.60
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 11

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,230.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 400 $74.76 $29,904.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 10

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,606.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 31 $74.80 $2,318.80
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 9

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,006.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 200 $74.72 $14,944.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 8

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,037.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 195 $74.62 $14,550.90
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 7

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,237.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 400 $74.71 $29,884.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 6

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,432.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.67 $7,467.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 5

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,832.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 123 $74.66 $9,183.18
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 4

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,932.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 400 $74.59 $29,836.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 3

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,055.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.54 $7,454.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 2

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,455.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:44 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 400 $74.53 $29,812.00
Disclosure

SEC source: 0001127602-17-020986 · form4.xml · nonDerivative · entry 1

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,555.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 186 $74.47 $13,851.42
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 29

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,955.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 114 $74.49 $8,491.86
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 28

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,141.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 400 $74.86 $29,944.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 27

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,255.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 235 $74.90 $17,601.50
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 26

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,655.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 200 $74.89 $14,978.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 25

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,890.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.56 $7,456.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 24

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,090.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.54 $7,453.50
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 23

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,190.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 300 $74.55 $22,365.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 22

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,290.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.51 $7,450.50
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 21

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,590.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 200 $74.55 $14,909.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 20

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,690.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 170 $74.60 $12,682.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 19

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,890.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.61 $7,461.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 18

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,060.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 300 $74.75 $22,425.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 17

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,160.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $74.93 $7,493.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 16

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,460.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 200 $75.14 $15,028.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 15

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,560.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $75.09 $7,509.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 14

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,760.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 200 $75.20 $15,040.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 13

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,860.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $75.19 $7,519.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 12

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,060.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 100 $75.08 $7,508.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 11

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,160.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 200 $75.13 $15,026.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 10

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,260.6902

Read SEC document
June 08, 2017 Filed Jun 8, 2017 22:39 UTC
Hagedorn Michael DPresident of Subsidiary
SaleCommon Stock 400 $74.97 $29,988.00
Disclosure

SEC source: 0001127602-17-020984 · form4.xml · nonDerivative · entry 9

Hagedorn Michael D · CIK 0001321912 · President of Subsidiary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,460.6902

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.