Union Bankshares CEO John Asbury's 2020 pay rises 19% to $2.9M
Union Bankshares reports 2020 executive compensation
By ExecPay News
Published: March 23, 2021
Union Bankshares reported fiscal year 2020 executive compensation information on March 23, 2021.
In 2020, five executives at Union Bankshares received on average a compensation package of $1.4M, a 14% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
John C. Asbury, Chief Executive Officer, received $2.9M in total, which increased by 19% compared to 2019. 38% of Asbury's compensation, or $1.1M, was in stock awards. Asbury also received $872K in non-equity incentive plan, $827K in salary, as well as $127K in other compensation.
Maria P. Tedesco, EVP, Atlantic Union Bankshares Corporation and President, Atlantic Union Bank, received a compensation package of $1.4M, which increased by 14% compared to previous year. 36% of the compensation package, or $514K, was in stock awards.
Robert M. Gorman, Chief Financial Officer, earned $1.1M in 2020, a 16% increase compared to previous year.
David V. Ring, EVP, Atlantic Union Bankshares Corporation and Commercial Banking Group Executive, Atlantic Union Bank, received $898K in 2020, which increases by 5% compared to 2019.
M. Dean Brown, EVP, Atlantic Union Bankshares Corporation and Chief Information Officer Head of Enterprise Operations, Atlantic Union Bank, earned $841K in 2020, a 10% increase 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 23, 2021.