Company: UMBFO
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054504
Chunk: 65

Company: UMB FINANCIAL CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 65
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ii) the vesting of 67% (eight-twelfths) of those Performance Units; and (iii) the assumption that 95.99% of the performance standard had been achieved.

As of December 31, 2024, none of the Service Units or Performance Units issued under the Omnibus Plan in 2024 were eligible for vesting due to a qualified retirement of a Named Executive Officer.

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PAY VERSUS PERFORMANCE As noted in the CD&A, one of the Company’s compensation best practices is that we pay for performance. That means that the majority of the Company’s executive compensation is variable and is closely tied to both individual performance and the financial performance of the Company.

Tabular Disclosure of the Company’s Important Financial Measures

The following four financial performance measures represent, in the Company’s opinion, the most important financial performance measures used by the Company to link each NEO’s compensation to the Company’s performance. Each of the listed financial measures (collectively, the “ Financial Measures ”) is either used to determine the value of the STIP pool for short-term incentive compensation or the amount of long-term compensation under the LTIP. More information regarding the four performance measures, adjustments the Committee may make to the Company’s reported GAAP earnings per share, the actual mix of all four measures for each participant, the purposes of our compensation programs, the portion of compensation “at risk” for each of the NEOs and other related information can be found in the CD&A contained earlier in this Proxy Statement.

| CorePre-ProvisionNet Revenue (“Core PPNR”)—a Short-Term Incentive Compensation Plan Financial Measure |     | Net Charge-Offs Divided by Average Loans (“NCOs”)—a Short-Term Incentive Compensation Plan Financial Measure                             |
| Earnings per Share (“EPS”)—a Long-Term Incentive Program Financial Measure                            |     | Average Return on Tangible Common Equity (“ROTCE”)over the Three-Year Performance Period—a Long-Term Incentive Program Financial Measure |

The Company believes that Core PPNR is the most important financial performance measure tied to executive compensation. Core PPNR is used to determine 80% of the funding pool for the annual STIP and most appropriately reflects the Company’s overall performance over the short-term.

Pay Versus Performance Table

The table below provides investors with standardized data on executive compensation in a format prescribed by the SEC and that is intended to be easier to link to company