Odgers David Carl 4
Research Summary
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UMB Financial (UMBF) CAO David Odgers Sells 35 Shares for Taxes
What Happened David Carl Odgers, Chief Accounting Officer of UMB Financial Corporation, had 35 shares disposed (withheld) on 2026-02-09 to satisfy a tax liability related to equity vesting. The shares were recorded at $134.29 each for a total value of approximately $4,700. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-09; reported on Form 4 filed 2026-02-11 (timely — within the usual 2-business-day window).
- Action: Payment of tax liability / withholding (code F); 35 shares disposed at $134.29 each; total ≈ $4,700.
- Shares owned after the transaction: Not specified in the provided excerpt.
- Relevant footnotes in the filing:
- F1: Reflects dividends earned upon vesting of the underlying restricted stock unit (RSU).
- F2: Reflects shares acquired via the UMB Financial 401(k) Plan.
- F3: Reflects ESOP allocations and dispositions since the last ownership report.
- Interpretation: This appears to be routine tax withholding tied to RSU vesting rather than a discretionary sale of shares.
Context Tax-withholding dispositions (code F) commonly occur when restricted stock units or other equity awards vest and the company withholds a portion of shares to cover required taxes. Such transactions are administrative and do not necessarily indicate the insider’s view on the company’s prospects.