Shankar Ram 4

What Happened

• Shankar Ram, Chief Financial Officer of UMB Financial Corp (UMBF), disposed of 381 shares on Feb 9, 2026 to satisfy a tax obligation related to vested awards. The shares were valued at $134.29 each, for a total value of approximately $51,164.
• This disposition is reported under code F (payment of exercise price or tax liability) and reflects shares withheld to cover taxes rather than an open-market investment sale.

Key Details

• Transaction date and price: 2026-02-09 at $134.29 per share.
• Shares disposed: 381; total value about $51,164.
• Shares owned after the transaction: not specified in the filing.
• Footnotes included in the filing: F1 (dividends earned upon vesting of underlying RSUs), F2 (shares acquired via UMB 401(k) Plan), F3 (ESOP allocations/dispositions since last report).
• Filing date: 2026-02-11 for a report period of 2026-02-09 — filed within the normal two-business-day window (timely).

Context

• Code F disclosures typically indicate shares were withheld to satisfy tax withholding on vesting restricted stock units (RSUs) or similar awards; this is a routine administrative transaction and does not necessarily signal the insider’s view of the company.
• For retail investors, purchases or open-market sales may be more indicative of sentiment; tax-withholding dispositions are common following award vesting.