Company: UMBFO
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054504
Chunk: 40

Company: UMB FINANCIAL CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 40
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 our compensation program for our NEOs consisted of four fundamental components: (1) base salary, (2) short-term cash incentive compensation, (3) long-term incentive compensation, and (4) other benefits and perquisites, as follows.

| Compensation  Component                 |     | Component Elements                                                                                                                           |     | Purpose                                                                                                                                                                                                      |
| Base Salary                             |     | •  Bi-weekly cash payments                                                                                                                   |     | •  To attract and retain NEOs •  To provide a fixed base annual compensation that is market- competitive with other similarly situated financial institutions                                                |
| Short-Term Cash  Incentive Compensation |     | •  Annual cash awards based on the achievement of annual performance goals and the profitability of the Company or business unit             |     | •  To motivate the NEOs to exceed annual performance goals that are aligned to our business strategy                                                                                                         |
| Long-Term Incentive  Compensation       |     | •  Service-based restricted share units •  Performance-based restricted share units                                                          |     | •  To promote retention and align the interests of NEOs with the interests of the shareholders by encouraging forward-looking balanced risk-taking, increasing the value for shareholders over the long-term |
| Other Benefits and  Perquisites         |     | •  Financial consulting services •  Executive physicals •  Auto allowance •  Country club memberships •  Certain Company-provided air travel |     | •  Perquisites are used in moderation with supportive business rationale, to attract and retain talent                                                                                                       |

The actual mix of these components varies for each NEO and is dependent on the Compensation Committee’s evaluation of individual performance, strategic value, leadership, responsibilities, competency, experience, and expected future contributions. The Compensation Committee, however, believes that the majority of each NEO’s compensation should be contingent on performance or paid out over time (“at risk”). The following charts illustrate the allocation of direct target compensation for 2024 for our CEO and the annual average allocation of direct target compensation for 2024 for all our NEOs. 34

The Role of the Compensation Committee Each year our Compensation Committee reviews and approves the Executive Compensation Principles (the “ Executive Compensation Principles”) of the Company. The Compensation Committee has exclusive authority to determine the compensation of the Company’s CEO and approves the