UMB Financial (NASDAQ: UMBF) CFO logs tax-withholding share transaction

Rhea-AI Filing Summary

UMB Financial Corp. Chief Financial Officer Shankar Ram reported a tax-withholding disposition of 204 shares of common stock at $132.87 per share on February 10, 2026. This transaction was coded “F,” meaning shares were used to cover tax obligations rather than sold on the open market.

After this transaction, he directly owned 32,498.1405 shares of common stock, plus 1,605.25 shares held indirectly through a 401(k) plan and 97.06 shares held indirectly through an ESOP. A footnote explains that the reported amount reflects dividends earned upon vesting of the underlying restricted stock unit, highlighting the connection to equity-based compensation.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Shankar Ram

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	204	$132.87	$27K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 32,498.141 shares (Direct); Common Stock — 1,605.25 shares (Indirect, By 401K)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shankar Ram

(Last) (First) (Middle)

1010 GRAND BLVD.

(Street)

KANSAS CITY MO 64106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UMB FINANCIAL CORP [ UMBF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/10/2026		F		204	D	$132.87	32,498.1405(1)	D
Common Stock								1,605.25	I	By 401K
Common Stock								97.06	I	By ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects dividends earned upon vesting of the underlying restricted stock unit.

	/s/ Jason Bartel, attorney-in-fact for Mr. Shankar	02/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did UMBF CFO Shankar Ram report on February 10, 2026?

Shankar Ram reported a tax-withholding disposition of 204 shares of UMB Financial common stock on February 10, 2026. The transaction, coded “F,” indicates shares were used to satisfy tax liabilities tied to equity compensation, not an open-market sale of stock.

How many UMBF shares does CFO Shankar Ram own after the reported Form 4 transaction?

After the transaction, Shankar Ram directly owned 32,498.1405 shares of UMB Financial common stock. He also held 1,605.25 shares indirectly through a 401(k) plan and 97.06 shares indirectly through an ESOP, reflecting both personal and benefit-plan share holdings.

What does transaction code F mean in the UMBF Form 4 for Shankar Ram?

Transaction code F represents a payment of tax liability by delivering securities. In this case, 204 shares of UMB Financial common stock at $132.87 per share were withheld to cover taxes related to equity awards, not sold in an open market trade.

At what price were the UMBF shares valued in Shankar Ram’s tax-withholding transaction?

The 204 shares used for tax withholding were valued at $132.87 per share. This valuation applies to the specific tax-withholding disposition reported, helping quantify the size of the transaction tied to his equity-based compensation on that date.

What does the Form 4 footnote about dividends on restricted stock units for UMBF mean?

The footnote explains that the reported shares reflect dividends earned upon vesting of the underlying restricted stock unit. This means dividend equivalents associated with those RSUs were delivered as additional shares, which then factored into the tax-withholding disposition reported.

How are Shankar Ram’s indirect UMBF share holdings structured after the transaction?

Following the transaction, Shankar Ram held UMB Financial stock indirectly through benefit plans: 1,605.25 shares via a 401(k) and 97.06 shares via an ESOP. These positions complement his direct holdings and arise from retirement and employee ownership programs.