UMB Financial CEO J Kemper's 2021 pay rises 7% to $5M
UMB Financial reports 2021 executive compensation
By ExecPay News
Published: March 15, 2022
UMB Financial reported fiscal year 2021 executive compensation information on March 15, 2022.
In 2021, five executives at UMB Financial received on average a compensation package of $2.1M, a 3% increase compared to previous year.
Average pay of disclosed executives at UMB Financial
J. Mariner Kemper, Chief Executive Officer, received $5M in total, which increased by 7% compared to 2020. 40% of Kemper's compensation, or $2M, was in stock awards. Kemper also received $2M in non-equity incentive plan, $940K in salary, as well as $41K in other compensation.
For fiscal year 2021, the median employee pay was $73,594 at UMB Financial. Therefore, the ratio of J. Mariner Kemper's pay to the median employee pay was 68 to one.
James D. Rine, Chief Executive Officer, received a compensation package of $2.3M, which decreased by 11% compared to previous year. 44% of the compensation package, or $1M, was in non-equity incentive plan.
James Cornelius, President of Institutional Banking, UMB Bank, n.a, earned $1.3M in 2021, a 16% increase compared to previous year.
Shannon A. Johnson, Chief Administrative Officer, received $1.1M in 2021, which increases by 12% compared to 2020.
Ram Shankar, Chief Financial Officer, earned $976K in 2021, a 1% increase compared to previous year.
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Source: SEC filing on March 15, 2022.