Union Bankshares CEO David Silverman's 2019 pay rises 12% to $609K
Union Bankshares reports 2019 executive compensation
By ExecPay News
Published: April 13, 2020
Union Bankshares reported fiscal year 2019 executive compensation information on April 13, 2020.
In 2019, three executives at Union Bankshares received on average a compensation package of $366K, a 17% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
David S. Silverman, Chief Executive Officer, received $609K in total, which increased by 12% compared to 2018. 63% of Silverman's compensation, or $386K, was in salary. Silverman also received $87K in non-equity incentive plan, $97K in stock awards, as well as $39K in other compensation.
Karyn J. Hale, Chief Financial Officer, received a compensation package of $272K, which increased by 33% compared to previous year. 70% of the compensation package, or $190K, was in salary.
Jeffrey G. Coslett, EVP, Human Resource and Branch Administration, earned $216K in 2019, a 11% increase compared to previous year.
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Source: SEC filing on April 13, 2020.