Union Bankshares CEO David Silverman's 2023 pay slips 10% to $714K
Union Bankshares reports 2023 executive compensation
By ExecPay News
Published: April 2, 2024
Union Bankshares reported fiscal year 2023 executive compensation information on April 2, 2024.
In 2023, two executives at Union Bankshares received on average a compensation package of $541K, a 6% decrease compared to previous year.
Average pay of disclosed executives at Union Bankshares
David S. Silverman, Chief Executive Officer, received $714K in total, which decreased by 10% compared to 2022. 64% of Silverman's compensation, or $460K, was in salary. Silverman also received $65K in non-equity incentive plan, $115K in stock awards, as well as $74K in other compensation.
Karyn J. Hale, Chief Financial Officer, received a compensation package of $368K, which increased by 1% compared to previous year. 71% of the compensation package, or $260K, was in salary.
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Source: SEC filing on April 2, 2024.