Company: UMBFO
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054504
Chunk: 46

Company: UMB FINANCIAL CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 46
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 on behalf of certain Executive Officers and other designated officers who are charged with meaningful business generation responsibilities and who appreciate the administrative convenience associated with a corporate-paid membership. Similarly, affording a modest allowance to the Executive Officers and other senior officers for tax preparation and financial planning (1) enables UMB to ensure that no potential conflict of interest arises in a senior officer’s choice of such a professional, (2) can result in cost savings for such officers based on the number of officers using a common professional, and (3) is administratively convenient for the participating officers. The Company has also paid minimal tax gross-upsfor Executive Officers for work-related travel and associated expenses which could include spousal/guest participation. The Company also provides a limited perquisite to cover personal airfare expenses of its CEO and President, which the Company believes is in line with practices within our peer group. See “ Compensation Tables—2024 Summary Compensation” later in this Proxy Statement for detailed information about the perquisites provided to the NEOs. Other Executive Compensation Policies and Practices No Employment Agreements No NEO is a party to an employment agreement. Equity Awards and Material Non-PublicInformation Generally speaking, the Company has historically granted its annual equity awards to directors and eligible employees ( including Executive Officers) using a predetermined schedule.Annual grants for directors have traditionally occurred at the first Friday following the Company’s release of 4th quarter earnings (typically late January or early February), and annual grants for employees (including Executive Officers) have historically occurred at the Compensation Committee’s scheduled meeting in early February, after the Board holds its first regular meeting of the year and earnings and other financial results for the prior year have been announced. 42

Special grants, including in connection with the hiring or promotion of an officer, can be made at other times. Although allowed under the Company’s Omnibus Plan, the Company does not currently grant stock options to its directors or employees. The Compensation Committee does not timethe disclosure of material non-publicinformation, or the timing of equity award grants, for the purpose of affecting the value of executive compensation. Ownership of UMB Common Stock The Board believes that stock ownership guidelines for directors and Executive Officers are an important component of good corporate governance and operate to further align their interests with those of our shareholders. As a result, stock ownership guidelines have been incorporated into our Corporate Governance Guidelines and are evaluated on no less than an annual basis. Based on our stock ownership guidelines, each director is expected, at a minimum, to own UMB common stock with a market value