Union Bankshares CEO John Asbury's 2018 pay jumps 35% to $2.3M
Union Bankshares reports 2018 executive compensation
By ExecPay News
Published: March 20, 2019
Union Bankshares reported fiscal year 2018 executive compensation information on March 20, 2019.
In 2018, five executives at Union Bankshares received on average a compensation package of $1.2M, a 26% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
John C. Asbury, Chief Executive Officer, received $2.3M in total, which increased by 35% compared to 2017. 35% of Asbury's compensation, or $815K, was in stock awards. Asbury also received $783K in non-equity incentive plan, $674K in salary, as well as $60K in other compensation.
David V. Ring, EVP, Union Bankshares Corporation and Commercial Banking Group Executive, Union Bank & Trust, received a compensation package of $999K, which increased by 362% compared to previous year. 37% of the compensation package, or $369K, was in salary.
Robert M. Gorman, Chief Financial Officer, earned $944K in 2018, a 13% increase compared to previous year.
Maria P. Tedesco, EVP, Union Bankshares Corporation and President, Union Bank & Trust, received $829K in 2018.
M. Dean Brown, EVP, Union Bankshares Corporation and Chief Information Officer & Head of Banking Operations, Union Bank & Trust, earned $779K in 2018, a 15% increase compared to previous year.
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John Asbury
Union Bankshares
Chief Executive Officer
Robert Gorman
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Chief Financial Officer
Maria Tedesco
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EVP, Atlantic Union Bankshares Corporation and President, Atlantic Union Bank
David Ring
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EVP, Atlantic Union Bankshares Corporation and Commercial Banking Group Executive, Atlantic Union Bank
M Brown
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Source: SEC filing on March 20, 2019.