Richard M. Adams, Jr. is the CEO of United Bankshares, Inc., a position he has held since April 2022. He has a rich background in banking, having started his career at United Bankshares in 1994. Over the years, he rose...

Current Market Cap

$5.02B

Number of Employees

2.64K

Total Compensation

2022 - 2023

Trending up by 39.49% last year
Showing total compensation for the last 2022 - 2023

Stock

Up by 0.00% last year

Salary

Up by 5.26% last year

Bonus

Up by 6.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$2.76M

Salary

$1.00M

Board 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

$1.09M

Board 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

$59.30K

Board Justification

Other compensation includes company contributions to 401(k) plan, life insurance, health and disability coverage premiums.

Restricted Stock

$609.36K(16.23K RSU)

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.

SEC Filing

From April 2, 2024

Richard M. Adams, Jr.

CEO of United Bankshares

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Education

Law degree from Washington and Lee School of Law; undergraduate studies at Pepperdine University and Rollins College

Field of Expertise

Finance & Banking - Banking

Born

January 1, 1969 - 55 years ago

Is Founder?

No

Current Tenure

2 years 6 months (Apr 2022 - Present)

Previous Experience

President of United Bankshares, Inc.

View Holdings

Insider Holdings of Richard M. Adams, Jr.

UBSI

$6.46M

$1.65M (34.34%)

Last Insider Trade

UBSI

40,613 shares

UBSI

Feb 22, 2024

Received