Union Bankshares CEO David Silverman's 2021 pay slips 2% to $741K
Union Bankshares reports 2021 executive compensation
By ExecPay News
Published: April 12, 2022
Union Bankshares reported fiscal year 2021 executive compensation information on April 12, 2022.
In 2021, three executives at Union Bankshares received on average a compensation package of $457K, a 1% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
David S. Silverman, Chief Executive Officer, received $741K in total, which decreased by 2% compared to 2020. 56% of Silverman's compensation, or $418K, was in salary. Silverman also received $147K in non-equity incentive plan, $105K in stock awards, as well as $72K in other compensation.
Karyn J. Hale, Chief Financial Officer, received a compensation package of $351K, which increased by 3% compared to previous year. 65% of the compensation package, or $228K, was in salary.
Jeffrey G. Coslett, EVP, CAO, earned $280K in 2021, a 9% increase compared to previous year.
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Source: SEC filing on April 12, 2022.