Union Bankshares CEO Kenneth Gibbons' 2011 pay slips 8% to $278K
Union Bankshares reports 2011 executive compensation
By ExecPay News
Published: April 13, 2012
Union Bankshares reported fiscal year 2011 executive compensation information on April 13, 2012.
In 2011, three executives at Union Bankshares received on average a compensation package of $212K, a 3% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
Kenneth D. Gibbons, Chief Executive Officer, received $278K in total, which decreased by 8% compared to 2010. 94% of Gibbons' compensation, or $261K, was in salary. Gibbons also received $16K in other compensation.
David S. Silverman, Chief Executive Officer, received a compensation package of $199K, which increased by 33% compared to previous year. 89% of the compensation package, or $177K, was in salary.
Marsha A. Mongeon, Chief Financial Officer, earned $161K in 2011, a 4% decrease compared to previous year.
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Source: SEC filing on April 13, 2012.