Company: UMBFO
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054504
Chunk: 64

Company: UMB FINANCIAL CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 64
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. For grants made prior to 2023, in the event of a qualified retirement, Service Units would vest on the settlement dates set forth in the award agreement, which are two, three and four years following the grant date. For grants first made starting in 2023, in the event of a qualified retirement, Service Units would vest on the settlement dates set forth in the award agreement which are one, two and three years following the grant date. Performance Units in the event of a 56

qualified retirement would become vested in a percentage amount equal to the (i) the number of Performance Units granted times (ii) a percentage determined by dividing the number of full calendar quarters the retiree was employed prior to such qualified retirement by the number of calendar quarters in the performance period times (iii) the percentage of the performance vesting criteria that is determined by the Compensation Committee to have been achieved for the entire performance period. The Performance Units would vest and be paid as of the last day of the applicable performance period.

With respect to the Named Executive Officers, Messrs. Kemper, Rine and Terry would have been eligible for vesting of Service Units and Performance Units issued under the Omnibus Plan awards from 2021, 2022 and 2023 due to a qualified retirement. The value of the Service Units granted in 2021, 2022 and 2023 that would have been eligible for vesting was $1,781,571, $686,959 and $320,345 for Messrs. Kemper, Rine and Terry, respectively. The value of the Performance Units granted in 2022 that would have been eligible for vesting was $2,730,217, $759,507 and $210,204 for Messrs. Kemper, Rine, and Terry respectively. These values are based on (i) the closing price of UMB common stock on December 31, 2024; (ii) the vesting of 100% (twelve-twelfths) of those Performance Units; and (iii) the assumption that 166.00% of the performance standard had been achieved. The value of the Performance Units granted in 2023 that would have been eligible for vesting was $1,246,495, $589,664 and $95,876 for Messrs. Kemper, Rine and Terry, respectively. These values are based on (i) the closing price of UMB common stock on December 31, 2024; (