secwatch.observer — SEC 8-K summary
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Issuer:     UMB FINANCIAL CORP (UMBF)
CIK:        0000101382
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001193125-26-044638
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UMB Financial approves change-in-control agreements for named executives with 2x-3x severance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101382/000119312526044638/0001193125-26-044638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101382/000119312526044638/umbf-20260209.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-044638

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer