Shankar Ram 4

What Happened Shankar Ram, Chief Financial Officer of UMB Financial Corp (UMBF), had 204 shares disposed on Feb 10, 2026 as a tax-withholding action tied to vested restricted stock units. The filing shows the shares were valued at $132.87 each, for a total of $27,105. This was not an open-market sale but a withholding/settlement to satisfy tax obligations upon vesting.

Key Details

• Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (filed within the required reporting window).
• Disposed: 204 shares at $132.87 per share; total value reported $27,105.
• Transaction code: F (payment of exercise price or tax liability / shares withheld to cover taxes).
• Footnote: Reflects dividends earned upon vesting of the underlying restricted stock unit (F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context This was a routine tax-withholding disposition related to RSU vesting rather than a voluntary sale or purchase. Such share surrenders are common when companies withhold shares to cover the insider’s tax liability and do not necessarily signal a change in the insider’s view of the company.