Union Bankshares CEO David Silverman's 2022 pay rises 7% to $789K
Union Bankshares reports 2022 executive compensation
By ExecPay News
Published: April 6, 2023
Union Bankshares reported fiscal year 2022 executive compensation information on April 6, 2023.
In 2022, two executives at Union Bankshares received on average a compensation package of $577K, a 26% increase compared to previous year.
Average pay of disclosed executives at Union Bankshares
David S. Silverman, Chief Executive Officer, received $789K in total, which increased by 7% compared to 2021. 55% of Silverman's compensation, or $437K, was in salary. Silverman also received $172K in non-equity incentive plan, $109K in stock awards, as well as $71K in other compensation.
Karyn J. Hale, Chief Financial Officer, received a compensation package of $365K, which increased by 4% compared to previous year. 63% of the compensation package, or $230K, was in salary.
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Source: SEC filing on April 6, 2023.