United Bankshares adopts change-in-control severance agreements for four executives
On July 31, 2025, United Bankshares entered into change-in-control agreements with its CEO, President, CFO and Chief Risk and Information Officer, setting severance terms if they are terminated without cause or resign for good reason within two years after a change in control. The company also approved forms of equity award agreements and a correction to existing supplemental executive retirement agreements, which shareholders may review in the filed exhibits.
Key points
- Agreements cover Richard M. Adams, Jr. (CEO), James J. Consagra, Jr. (President), W. Mark Tatterson (EVP, CFO and Treasurer) and Darren K. Williams (EVP, Chief Risk and Information Officer), signed July 31, 2025.
- Lump-sum severance is two times the sum of base salary and target bonus, or three times for Adams and Consagra, plus a prorated bonus.
- Health premium support runs 24 months, or 36 months for Adams and Consagra.
- On July 29, 2025, the Compensation and Human Capital Committee approved forms of equity award agreements under the 2025 Equity Incentive Plan and an amendment to existing SERP agreements.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.