Richard M. Adams Jr. - 24 Feb 2022 Form 4 Insider Report for UNITED BANKSHARES INC/WV (UBSI)

Role
President
Signature
Shelli L. Adams
Issuer symbol
UBSI
Transactions as of
24 Feb 2022
Net transactions value
-$79,908
Form type
4
Filing time
25 Feb 2022, 12:08:47 UTC
Previous filing
24 Feb 2022
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Tax liability $79,908 -2,224 -2.4% $35.93 91,916 24 Feb 2022 Direct F1
holding UBSI Common Stock 12,369 24 Feb 2022 By 401k
holding UBSI Common Stock 10,986 24 Feb 2022 Trust for Children

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding UBSI Phantom Stock 254 24 Feb 2022 Common Stock 254 Direct F2, F3, F4
holding UBSI Stock Option 11,100 24 Feb 2022 Common Stock 11,100 $26.19 Direct
holding UBSI Stock Option 11,100 24 Feb 2022 Common Stock 11,100 $28.89 Direct
holding UBSI Stock Option 14,761 24 Feb 2022 Common Stock 14,761 $32.51 Direct
holding UBSI Stock Option 7,381 24 Feb 2022 Common Stock 7,381 $32.51 Direct
holding UBSI Stock Option 11,100 24 Feb 2022 Common Stock 11,100 $35.04 Direct
holding UBSI Stock Option 11,100 24 Feb 2022 Common Stock 11,100 $36.92 Direct
holding UBSI Stock Option 16,060 24 Feb 2022 Common Stock 16,060 $37.60 Direct
holding UBSI Stock Option 11,613 24 Feb 2022 Common Stock 11,613 $38.49 Direct
holding UBSI Stock Option 16,060 24 Feb 2022 Common Stock 16,060 $45.30 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Withholding of shares to satisfy tax withholdings in connection with vested restricted stock units.
F2 1 for 1
F3 The reporting person's shares of phantom stock arose through his deferral of compensation under the United Bankshares, Inc., Non-qualified Retirement and Savings Plan (the Plan). Shares of phantom stock are exercisable immediately.
F4 Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.