United Bankshares CEO Richard Adams' 2007 pay slips 16% to $1.4M
United Bankshares reports 2007 executive compensation
By ExecPay News
Published: April 10, 2008
United Bankshares reported fiscal year 2007 executive compensation information on April 10, 2008.
In 2007, five executives at United Bankshares received on average a compensation package of $580K, a 20% decrease compared to previous year.
Average pay of disclosed executives at United Bankshares
Richard M. Adams, Chief Executive Officer, received $1.4M in total, which decreased by 16% compared to 2006. 45% of Adams' compensation, or $650K, was in salary. Adams also received $241K of change in pension value and nonqualified deferred compensation earnings, $195K in non-equity incentive plan, $12K in option awards, as well as $342K in other compensation.
Steven E. Wilson, Chief Financial Officer, received a compensation package of $394K, which decreased by 4% compared to previous year. 65% of the compensation package, or $257K, was in salary.
James J. Consagra, Jr, Executive Vice President, earned $389K in 2007, a 52% decrease compared to previous year.
James B. Hayhurst, Jr, Executive Vice President, received $358K in 2007, which decreases by 8% compared to 2006.
Richard M. Adams, Jr, Executive Vice President, earned $318K in 2007.
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Source: SEC filing on April 10, 2008.