Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 176

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 176
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 Term

        Aggregate Intrinsic Value

        Stock Options Under the LTIP

        Outstanding - December 31, 2023

        97,624

        $
        64.20

        Granted

        —

        —

        Canceled

        —

        —

        Expired

        (3,934
        )

        59.72

        Exercised

        (63,476
        )

        64.64

        Outstanding - December 31, 2024

        30,214

        $
        63.87

        1.6

        $
        1,480,036

        Exercisable - December 31, 2024

        30,214

        $
        63.87

        1.6

        $
        1,480,036

       There were no options granted during 2024, 2023, or 2022.  The total intrinsic value of options exercised during the years ended December 31, 2024, 2023, and 2022, was $2.3 million, $640 thousand and $1.2 million, respectively.  As of December 31, 2024, there was no unrecognized compensation cost related to nonvested options.Cash received from options exercised under all share-based compensation plans was $4.1 million, $1.9 million, and $1.5 million for the years ended December 31, 2024, 2023, and 2022, respectively.  The tax benefit realized for stock options exercised was $590 thousand, $1.6 million, and $2.2 million for the years ended December 31, 2024, 2023, and 2022, respectively. The Company has no specific policy to repurchase common shares to mitigate the dilutive impact of options; however, the Company has historically made adequate discretionary repurchases of common shares in an amount that exceeds stock option exercise activity.  See a description of the Company’s Repurchase Authorizations in Note 14, “Common Stock and Earnings Per Share,” in the Notes to the Consolidated Financial Statements provided in Item 8 of this report.

115

Omnibus Incentive Compensation PlanAt the April 24, 2018 shareholders’ meeting, the shareholders of the Company approved the UMB Financial Corporation Omnibus Incentive Compensation Plan (OICP) which became effective as of April