In 2023, Richard M. Adams, Jr. earned $2.76M in total compensation at United Bankshares, including $1.00M salary, $1.09M bonus and $609.36K in stock. Most recently acquired 40,613 shares in Feb 2024. Currently holds stock worth $6.49M. 3+ years at the helm of United Bankshares.
Compensation History
Annual executive compensation data for Richard M. Adams, Jr., including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.76M
Salary
$1.00M
Bonus
$1.09M
Other
$59.30K
Salary
$1.00MBoard Justification
The compensation philosophy aims to ensure total compensation is fair, reasonable, and competitive, linking a substantial part of compensation to performance metrics aligned with shareholder interests.
Bonus
$1.09MBoard Justification
Annual cash incentive award based on performance metrics including Earnings Per Share, Return on Average Assets, and Non-Performing Assets Ratio, resulting in 114% of targeted level for 2023.
Other Compensation
$59.30KBoard Justification
Other compensation includes company contributions to 401(k) plan, life insurance, health and disability coverage premiums.
Restricted Stock
Board Justification
Time-based restricted stock units granted in 2023 vest equally over a three-year period, with 16,228 shares vesting in 2023.
Performance Metrics
Earnings Per Share, Return on Average Assets, Non-Performing Assets Ratio.
Richard M. Adams, Jr.
CEO of United Bankshares
Education
Law degree from Washington and Lee School of Law; undergraduate studies at Pepperdine University and Rollins College
Field of Expertise
Finance & Banking - Banking
Sector of Economy
Financial Services
Born
January 1, 1969 - 56 years ago
CEO of United Bankshares for
3 years 8 months (Apr 2022 - Present)
Previous Experience
President of United Bankshares, Inc.
Other United Bankshares CEOs
Holdings
Track Richard M. Adams, Jr.'s stock holdings and portfolio value over time.
Total Stock Sold
$558.03K
$558.03K
14,790 UBSI shares
What if they kept their stock?
If Richard M. Adams, Jr. didn't sell their stock, today they would have:
Extra UBSI14,790 shares worth $562.54K.
This is 0.81% and $4.51K more than what they got when they sold the stock.
Insider Trading
Richard M. Adams, Jr.'s recent stock transactions, purchases, and sales filed with the SEC.
40,613 shares
UBSI
Feb 22, 2024
Received
16,227 shares
UBSI
Feb 22, 2023
Received
8,203 shares
UBSI
Feb 22, 2022
Received
14,256 shares
UBSI
Feb 22, 2021
Received
13,074 shares
UBSI
Feb 24, 2020
Received
$561.53K
UBSI at $37.97/share
Mar 6, 2019
Sale
9,738 shares
UBSI
Feb 23, 2019
Received
5,928 shares
UBSI
Feb 23, 2018
Received
$77.86K
UBSI at $33.25/share
Aug 14, 2017
Purchase
5,928 shares
UBSI
Feb 27, 2017
Received
Rivals
Compare Richard M. Adams, Jr. 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
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2023 Compensation
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$265.86K
Salary
$553.84K
Bonus
$383.43K
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$67.08K
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$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