UMB Financial reports 2018 executive compensation

CEO J. Mariner Kemper receives $3.7M

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 $1,634,258, a 2% decrease compared to previous year.

Average pay of disclosed executives at UMB Financial

J. Mariner Kemper, Chief Executive Officer, received $3,662,353 in total, which decreased by 20% compared to 2017. 54.61% of Kemper's compensation, or $1,999,923, was in stock awards. Kemper also received $708,866 in non-equity incentive plan, $905,216 in salary, as well as $48,348 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 $2,826,663, which increased by 75% compared to previous year. 63.33% of the compensation package, or $1,789,990, was in other compensation.

James Cornelius, President of Institutional Banking, UMB Bank, n.a, earned $934,970 in 2018.

James D. Rine, Chief Executive Officer, received $898,286 in 2018.

Kevin M. Macke, EVP, Operations, earned $748,703 in 2018, a 8% increase compared to previous year.

Ram Shankar, Chief Financial Officer, received $734,572 in 2018, which decreases by 19% compared to 2017.