United Bankshares CEO Richard Adams' 2008 pay rises 7% to $1.5M
United Bankshares reports 2008 executive compensation
By ExecPay News
Published: April 9, 2009
United Bankshares reported fiscal year 2008 executive compensation information on April 9, 2009.
In 2008, five executives at United Bankshares received on average a compensation package of $658K, a 13% increase compared to previous year.
Average pay of disclosed executives at United Bankshares
Richard M. Adams, Chief Executive Officer, received $1.5M in total, which increased by 7% compared to 2007. 42% of Adams' compensation, or $650K, was in salary. Adams also received $495K of change in pension value and nonqualified deferred compensation earnings, $171K in non-equity incentive plan, $71K in option awards, as well as $154K in other compensation.
James B. Hayhurst, Jr, Executive Vice President, received a compensation package of $469K, which increased by 31% compared to previous year. 47% of the compensation package, or $222K, was in salary.
Steven E. Wilson, Chief Financial Officer, earned $464K in 2008, a 18% increase compared to previous year.
James J. Consagra, Jr, Executive Vice President, received $447K in 2008, which increases by 15% compared to 2007.
Richard M. Adams, Jr, Executive Vice President, earned $369K in 2008, a 16% increase compared to previous year.
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Source: SEC filing on April 9, 2009.