leadership
confidence high
sentiment neutral
materiality 0.40
UMB Financial approves change-in-control agreements for named executives with 2x-3x severance
UMB FINANCIAL CORP
- Compensation Committee approved CIC agreements for CEO, Bank CEO (3x), and other NEOs (2x) on Feb 9, 2026.
- Severance includes lump sum of base salary plus greater of average or target bonus, pro-rated bonus, 18 months health premiums, outplacement, and equity acceleration.
- Initial term runs through Dec 31, 2026, auto-renews annually; Company cannot non-renew after change-in-control discussions begin.
- Full acceleration of equity awards with performance vesting deemed at greater of target or actual as of change in control.