Company: UMBFO
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054504
Chunk: 43

Company: UMB FINANCIAL CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 43
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. Mariner Kemper  |     |                  | $1,050,000 |     |                  | $1,081,500 |     | 3.0%                |
| Ram Shankar        |     |                  | $  423,719 |     |                  | $  449,142 |     | 6.0%                |
| James D. Rine      |     |                  | $  660,000 |     |                  | $  706,200 |     | 7.0%                |
| Shannon A. Johnson |     |                  | $  421,890 |     |                  | $  434,547 |     | 3.0%                |
| Thomas S. Terry    |     |                  | $  416,416 |     |                  | $  428,908 |     | 3.0%                |

Short-Term Cash Incentive Compensation Short-Term Cash Incentive—Plan Overview Short-term incentive compensation generally takes the form of an annual cash bonus and is used to reward superior performance primarily over the short term through the Short-Term Incentive Compensation Plan (as adopted by the Board, the “ Short-Term Incentive Plan” or “ STIP”). Short-term incentive compensation awards are designed to motivate the Executive Officers, including the NEOs, to achieve, and exceed, Company-wide goals and their individual annual performance goals, and to otherwise support the Company’s key strategic initiatives. The Compensation Committee believes that these short-term incentive compensation goals and awards are drivers of valuation and align with the Company’s strategy. They also align the Executive Officer’s financial interest with the interest of the Company because the awards are tied to the Executive Officer’s performance against established goals and are funded based on the performance of the Company and/or a business line. 36

In February 2024, the Compensation Committee approved the use of two performance metrics to determine the STIP pool: the Company’s core pre-provisionnet revenue (“ Core PPNR”) and the Company’s net charge-offs divided by average loans (“ NCOs”). These are the same performance metrics that were also used in 2022 and 2023. The Compensation Committee determined that these performance metrics appropriately allowed for formulaic measurement of the Company’s operational performance against the Company’s annual budget. The Compensation Committee also considered that these performance metrics would equitably isolate measurement