Union Bankshares CEO David Silverman's 2012 pay jumps 51% to $300K
Union Bankshares reports 2012 executive compensation
By ExecPay News
Published: April 12, 2013
Union Bankshares reported fiscal year 2012 executive compensation information on April 12, 2013.
In 2012, three executives at Union Bankshares received on average a compensation package of $229K, a 8% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
David S. Silverman, Chief Executive Officer, received $300K in total, which increased by 51% compared to 2011. 78% of Silverman's compensation, or $232K, was in salary. Silverman also received $2K in bonus, $34K in non-equity incentive plan, $6.2K in option awards, as well as $25K in other compensation.
Marsha A. Mongeon, Chief Financial Officer, received a compensation package of $197K, which increased by 23% compared to previous year. 83% of the compensation package, or $163K, was in salary.
Kenneth D. Gibbons, Chief Executive Officer, earned $191K in 2012, a 31% decrease compared to previous year.
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Source: SEC filing on April 12, 2013.