Form 4: UMB Financial Officer Sells Shares for Tax Liability
Insider Transaction Report
UMB Financial Corp's Chief Accounting Officer, David Carl Odgers, disposed of 142 shares of common stock at $115.04 per share to cover tax liabilities.
Summary
- David Carl Odgers, Chief Accounting Officer of UMB Financial Corp (UMBF), reported a transaction involving company stock.
- On December 31, 2025, Mr. Odgers disposed of 142 shares of UMBF Common Stock.
- The shares were disposed of at a price of $115.04 per share.
- This transaction was coded as 'F', indicating a disposition to the issuer for payment of tax liability.
- The 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).
- Following this transaction, Mr. Odgers directly beneficially owns 6,359.41 shares of Common Stock.
- Additionally, he indirectly owns 280.589 shares via a 401K and 294.209 shares via an ESOP.
Sentiment
Score: 5
Explanation: The transaction is a routine, tax-related disposal of a relatively small number of shares by an insider, often pre-planned under Rule 10b5-1. It does not indicate a significant change in company prospects or management confidence.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The reported transaction was executed pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up pre-planned transactions to avoid accusations of trading on material non-public information. | 12/31/2025 | Indicates adherence to SEC regulations for pre-planned insider transactions, reducing concerns about opportunistic trading and enhancing transparency regarding insider stock movements. |
Stakeholder Impact
- Shareholders: A minor, routine insider sale for tax purposes is unlikely to have a significant impact on shareholder sentiment or the company's valuation, as it is a common practice for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Transaction Date: Disposition of Common Stock by David Carl Odgers. |
| 01/02/2026 | Filing Date of the Statement of Changes in Beneficial Ownership. |
Keywords
UMB Financial Corp, UMBF, Form 4, Insider Trading, Stock Sale, Chief Accounting Officer, David Carl Odgers, Tax Liability, Equity Disposal, Rule 10b5-1
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