Union Bankshares CEO David Silverman's 2018 pay stays at $542K
Union Bankshares reports 2018 executive compensation
By ExecPay News
Published: April 9, 2019
Union Bankshares reported fiscal year 2018 executive compensation information on April 9, 2019.
In 2018, three executives at Union Bankshares received on average a compensation package of $314K, a 1% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
David S. Silverman, Chief Executive Officer, received $542K in total, which is about the same as previous year. 65% of Silverman's compensation, or $350K, was in salary. Silverman also received $22K of change in pension value and nonqualified deferred compensation earnings, $79K in non-equity incentive plan, $53K in stock awards, as well as $39K in other compensation.
Karyn J. Hale, Chief Financial Officer, received a compensation package of $204K, which increased by 3% compared to previous year. 74% of the compensation package, or $152K, was in salary.
Jeffrey G. Coslett, SVP, Human Resource and Branch Administration, earned $194K in 2018, a 1% increase compared to previous year.
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Source: SEC filing on April 9, 2019.