Company: UMBFO
Filing Date: 2025-02-03
Form Type: 8-K
Source: 0001193125-25-018885
Chunk: 8

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-03
Form: 8-K
Item: Item 2.03
Chunk 8
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 any other person pursuant to which the New Directors were selected as directors. There are no transactions in which any New Director has an interest requiring disclosure under Item 404(a) of Regulation S-K. Non-employeemembers of the Board, including the New Directors, will be compensated for such service in accordance with UMB’s non-employeedirector compensation policies.

Amendments to UMB PSU Awards

Effective as of the Effective Time, the Compensation Committee of the Board (the “ Committee”) approved certain amendments to the performance share unit awards (“ PSUs”) granted to UMB’s named executive officers in 2023 and 2024 (the “2023 PSUs” and “2024 PSUs”, respectively). The 2023 PSUs and 2024 PSUs, as originally granted, were eligible to vest subject to achievement of certain earnings per share and average return on tangible common equity metrics. Following a review of the expected impact of the Merger on such metrics, the Committee determined that the applicable performance metrics were no longer appropriate. As a result, after discussions with the Committee’s independent compensation consultant, the Committee waived the continued applicability of the performance-based vesting conditions for the 2023 PSUs and 2024 PSUs and converted such PSUs into awards of restricted stock units (“ RSUs”) that vest at the same time as the service conditions that applied to such PSUs. The 2023 PSUs and 2024 PSUs were converted to RSUs assuming performance at 100% and 194.7% of target, respectively, which reflected the greater of target performance and actual performance through December 31, 2024.