Union Bankshares CEO John Asbury's 2019 pay rises 6% to $2.5M
Union Bankshares reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
Union Bankshares reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, five executives at Union Bankshares received on average a compensation package of $1.3M, a 8% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
John C. Asbury, Chief Executive Officer, received $2.5M in total, which increased by 6% compared to 2018. 40% of Asbury's compensation, or $1M, was in stock awards. Asbury also received $615K in non-equity incentive plan, $780K in salary, as well as $87K in other compensation.
Maria P. Tedesco, EVP, Atlantic Union Bankshares Corporation and President, Atlantic Union Bank, received a compensation package of $1.2M, which increased by 49% compared to previous year. 38% of the compensation package, or $467K, was in salary.
Robert M. Gorman, Chief Financial Officer, earned $989K in 2019, a 5% increase compared to previous year.
David V. Ring, EVP, Atlantic Union Bankshares Corporation and Commercial Banking Group Executive, Atlantic Union Bank, received $857K in 2019, which decreases by 14% compared to 2018.
M. Dean Brown, EVP, Atlantic Union Bankshares Corporation and Chief Information Officer & Head of Banking Operations, Atlantic Union Bank, earned $768K in 2019, a 1% decrease compared to previous year.
Related executives
John Asbury
Union Bankshares
Chief Executive Officer
Robert Gorman
Union Bankshares
Chief Financial Officer
Maria Tedesco
Union Bankshares
EVP, Atlantic Union Bankshares Corporation and President, Atlantic Union Bank
David Ring
Union Bankshares
EVP, Atlantic Union Bankshares Corporation and Commercial Banking Group Executive, Atlantic Union Bank
M Brown
Union Bankshares
EVP, Atlantic Union Bankshares Corporation and Chief Information Officer Head of Enterprise Operations, Atlantic Union Bank
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Source: SEC filing on March 20, 2020.