Richard M. Adams served as the CEO of United Bankshares, Inc. from 1976 until April 2022. Under his leadership, the company grew from a small $100 million bank to a substantial $30 billion financial institution with around 250 branches across...

Current Market Cap

$5.66B

Number of Employees

2.64K

Total Compensation

2018 - 2022

Trending down by -55.50% last year
Showing total compensation for the last 2018 - 2022

Stock

Down by -100.00% last year

Salary

Down by -23.88% last year

Bonus

Down by -33.35% last year

Other

Up by 23.79% last year

Year

2022

Total Compensation

$2.05M

Salary

$950.00K

Board 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

$1.03M

Board 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

$76.16K

Board Justification

Includes perquisites such as company contributions to health and disability coverage premiums.

Restricted Stock

$0.00(0 RSU)

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.

SEC Filing

From March 30, 2023