Shankar Ram 4

What Happened
Shankar Ram, Chief Financial Officer of UMB Financial Corp (UMBF), had 129 shares disposed on 2026-02-11 as a tax-withholding/tax payment transaction (code F). The shares were valued at $132.16 each, for a total of approximately $17,049. This was not an open-market purchase or a discretionary sale but a routine withholding to satisfy tax obligations tied to vesting equity.

Key Details

• Transaction date: 2026-02-11; filing date: 2026-02-13 (timely filing).
• Price per share: $132.16; shares disposed: 129; total value ~ $17,049.
• Transaction code: F — payment of exercise price or tax liability (here used for tax withholding).
• Footnote: Reflects dividends earned upon vesting of the underlying restricted stock unit (RSU).
• Shares owned after transaction: Not specified in the provided excerpt (see the full Form 4 for current holdings).

Context
This action reflects shares withheld to cover taxes when RSUs vested, a common administrative step and not necessarily a signal of insider sentiment. For clarity, tax-withholding dispositions differ from voluntary open-market sales; they are routine and often planned as part of vesting. Check the full Form 4 for complete holdings and any additional disclosures.