In 2022, Richard M. Adams earned $2.05M in total compensation at United Bankshares, including $950.00K salary and $1.03M bonus. Most recently acquired 54,903 shares in Feb 2024. Currently holds stock worth $32.73M. Led United Bankshares as CEO for 46 years.
Compensation History
Annual executive compensation data for Richard M. Adams, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$2.05M
Salary
$950.00K
Bonus
$1.03M
Other
$76.16K
Salary
$950.00KBoard Justification
The compensation philosophy is to ensure that the total compensation paid to all its employees is fair, reasonable, competitive, maintains a balance between risk and reward, and is aligned with the best interests of shareholders.
Bonus
$1.03MBoard Justification
Based on the Company’s 2022 performance, Richard M. Adams, Jr. received an annual cash incentive award equating to 127% of his targeted level.
Other Compensation
$76.16KBoard Justification
Includes perquisites such as company contributions to health and disability coverage premiums.
Restricted Stock
Board Justification
No stock was reported as vested in 2022 for Richard M. Adams, Jr.
Performance Metrics
The performance metrics included Earnings Per Share, Return on Average Assets, and Non-Performing Assets Ratio.
Richard M. Adams
Founder and Ex-CEO of United Bankshares
Education
Not specified
Field of Expertise
Finance & Banking - Banking
Sector of Economy
Financial Services
Born
January 1, 1947 - 78 years ago
CEO of United Bankshares for
46 years 3 months (Jan 1976 - Apr 2022)
Previous Experience
Chairman of the Board of Directors of United Bankshares, Inc.
Other United Bankshares CEOs
Holdings
Track Richard M. Adams's stock holdings and portfolio value over time.
Insider Trading
Richard M. Adams's recent stock transactions, purchases, and sales filed with the SEC.
54,903 shares
UBSI
Feb 22, 2024
Received
15,203 shares
UBSI
Feb 22, 2023
Received
$1.84K
UBSI at $39.25/share
Jan 30, 2023
Purchase
$261.23K
UBSI at $33.60/share
Apr 29, 2022
Purchase
20,651 shares
UBSI
Feb 22, 2022
Received
38,955 shares
UBSI
Feb 22, 2021
Received
39,045 shares
UBSI
Feb 24, 2020
Received
28,434 shares
UBSI
Feb 23, 2019
Received
18,277 shares
UBSI
Feb 23, 2018
Received
$38.64K
UBSI at $33.98/share
Aug 15, 2017
Purchase
Rivals
Compare Richard M. Adams with competitor CEOs and industry peers.
Christopher J. McComish
CEO of S&T Bancorp
2023 Compensation
Stock
$150.00K
Salary
$350.00K
Bonus
$70.00K
Other
$20.00K
Total Holdings
$200.99K
Joseph S. Exnicios
CEO of Hancock Whitney Corporation
2023 Compensation
Stock
$265.86K
Salary
$553.84K
Bonus
$383.43K
Other
$67.08K
Total Holdings
$1.50K
Mark K. Hardwick
CEO of First Merchants Corporation
2023 Compensation
Stock
$611.04K
Salary
$728.00K
Bonus
$369.81K
Other
$78.87K
Total Holdings
$128.45K
Kevin D. Chapman
CEO of Renasant
2023 Compensation
Stock
$0.00
Salary
$401.63K
Bonus
$401.63K
Other
$0.00
Total Holdings
$9.11M
John W. Allison
CEO of Home BancShares
2022 Compensation
Stock
$3.66M
Salary
$650.60K
Bonus
$0.00
Other
$687.75K
Total Holdings
$819.29K