CFO of UMB Financial (NASDAQ: UMBF) reports 129-share tax withholding

Rhea-AI Filing Summary

UMB Financial Corp’s Chief Financial Officer, Shankar Ram, reported a tax-related share disposition tied to equity compensation. On February 11, 2026, 129 shares of common stock were withheld at $132.16 per share to cover tax obligations, a non‑market transaction coded “F.” After this, he beneficially owned 32,389.1405 shares directly, plus 1,605.25 shares through a 401(k) plan and 97.06 shares through an ESOP, reflecting dividends earned upon vesting of underlying restricted stock units.

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	129	$132.16	$17K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 32,389.141 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)
02/11/2026

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	02/11/2026		F		129	D	$132.16	32,389.1405(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	02/13/2026
	** 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 11, 2026?

Shankar Ram reported a tax-withholding disposition of 129 UMB Financial common shares on February 11, 2026. The shares, valued at $132.16 each, were withheld to satisfy tax obligations related to equity compensation, rather than sold in an open-market transaction.

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

After the reported transaction, Shankar Ram beneficially owned 32,389.1405 UMB Financial common shares directly. He also held 1,605.25 shares through a 401(k) plan and 97.06 shares through an ESOP, reflecting accumulated positions including dividends on restricted stock units.

What does transaction code F mean in the UMBF insider filing for Shankar Ram?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 129 UMB Financial shares were withheld at $132.16 per share to cover taxes on equity awards, not as a discretionary market sale of stock.

Was the UMBF CFO’s February 2026 transaction an open-market sale of shares?

No, the CFO’s February 2026 transaction was not an open-market sale. The 129 shares were withheld under transaction code F to satisfy tax obligations on equity compensation, meaning the shares were used for taxes rather than sold on the public market.

How are UMBF shares held by the CFO through retirement and ESOP plans reported?

Shares held through retirement and ESOP plans are reported as indirect ownership. Shankar Ram’s Form 4 lists 1,605.25 UMB Financial shares held by a 401(k) plan and 97.06 shares held by an ESOP, in addition to his directly owned common stock.

What does the footnote about dividends on UMBF restricted stock units explain?

The footnote explains that the reported holdings reflect dividends earned upon vesting of underlying restricted stock units. This means some incremental UMB Financial shares shown in the totals arose from dividend equivalents credited as the restricted stock units vested.