United Bankshares CEO Richard Adams' 2020 pay slips 2% to $4.3M
United Bankshares reports 2020 executive compensation
By ExecPay News
Published: March 30, 2021
United Bankshares reported fiscal year 2020 executive compensation information on March 30, 2021.
In 2020, five executives at United Bankshares received on average a compensation package of $2.2M, a 5% increase compared to previous year.
Average pay of disclosed executives at United Bankshares
Richard M. Adams, Chief Executive Officer, received $4.3M in total, which decreased by 2% compared to 2019. 36% of Adams' compensation, or $1.6M, was in non-equity incentive plan. Adams also received $249K in option awards, $1.2M in salary, $1.3M in stock awards, as well as $50K in other compensation.
For fiscal year 2020, the median employee pay was $67,982 at United Bankshares. Therefore, the ratio of Richard M. Adams' pay to the median employee pay was 63 to one.
Richard M. Adams, Jr, President, received a compensation package of $2M, which increased by 5% compared to previous year. 30% of the compensation package, or $595K, was in salary.
James J. Consagra, Jr, Chief Operating Officer, earned $1.9M in 2020, a 8% increase compared to previous year.
W. Mark Tatterson, Chief Financial Officer, received $1.7M in 2020, which increases by 10% compared to 2019.
Darren K. Williams, Executive Vice President, Chief Information and Risk Officer, earned $960K in 2020, a 28% increase compared to previous year.
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Source: SEC filing on March 30, 2021.