Shankar Ram 4

What Happened
Shankar Ram, Chief Financial Officer of UMB Financial Corp (UMBF), received a grant of 3,136 restricted stock units (RSUs) reported 2026-02-09. Separately, 366 shares were disposed on 2026-02-07 to satisfy tax withholding obligations at $134.32 per share, totaling $49,161. The 3,136 RSUs are an award (acquisition) rather than an open-market purchase; the 366-share disposition was a routine tax withholding.

Key Details

• Transactions reported: 366 shares withheld (Disposition, code F) on 2026-02-07 at $134.32, proceeds $49,161; 3,136 RSUs granted (Acquisition, code A) on 2026-02-09 at $0.00 reported value.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — reflects dividends earned upon vesting; F2 — the granted RSUs vest 33% on Feb 9, 2027; 33% on Feb 9, 2028; and 34% on Feb 9, 2029.
• Filing timeliness: Form 4 filed 2026-02-10; timing appears to be within the required reporting window (not flagged as late).

Context
RSU grants are compensation and are not the same signal as an insider buying shares on the open market. The 366-share disposition was a tax withholding event (common when RSUs vest) and generally reflects payroll tax requirements rather than a voluntary sale. The RSU grant vests over three years per the footnote and includes dividends credited at vesting.