UMB Financial CEO J Kemper's 2018 pay slips 20% to $3.7M

UMB Financial reports 2018 executive compensation

Published: March 13, 2019

UMB Financial reported fiscal year 2018 executive compensation information on March 13, 2019.

In 2018, six executives at UMB Financial received on average a compensation package of $1.6M, a 2% decrease compared to previous year.

Average pay of disclosed executives at UMB Financial

J. Mariner Kemper, Chief Executive Officer, received $3.7M in total, which decreased by 20% compared to 2017. 54.61% of Kemper's compensation, or $2M, was in stock awards. Kemper also received $708.9K in non-equity incentive plan, $905.2K in salary, as well as $48.3K in other compensation.

For fiscal year 2018, the median employee pay was $58,775 at UMB Financial. Therefore, the ratio of J. Mariner Kemper's pay to the median employee pay was 62 to one.

Michael D. Hagedorn, Chief Executive Officer, received a compensation package of $2.8M, which increased by 75% compared to previous year. 63.33% of the compensation package, or $1.8M, was in other compensation.

James Cornelius, President of Institutional Banking, UMB Bank, n.a, earned $935K in 2018.

James D. Rine, Chief Executive Officer, received $898.3K in 2018.

Kevin M. Macke, EVP, Operations, earned $748.7K in 2018, a 8% increase compared to previous year.

Ram Shankar, Chief Financial Officer, received $734.6K in 2018, which decreases by 19% compared to 2017.