Richard M. Adams Jr - Nov 30, 2022 Form 4 Insider Report for UNITED BANKSHARES INC/WV (UBSI)

Role
Chief Executive Officer
Signature
Shelli L. Adams
Stock symbol
UBSI
Transactions as of
Nov 30, 2022
Transactions value $
-$560,186
Form type
4
Date filed
12/2/2022, 10:30 AM
Previous filing
Mar 1, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Options Exercise $291K +11.1K +12.31% $26.19 101K Nov 30, 2022 Direct
transaction UBSI Common Stock Tax liability -$375K -8.74K -8.63% $42.89 92.5K Nov 30, 2022 Direct
holding UBSI Common Stock 13K Nov 30, 2022 By 401k F1
holding UBSI Common Stock 11K Nov 30, 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
transaction UBSI Stock Option Options Exercise -$476K -11.1K -100% $42.89 0 Nov 30, 2022 Common Stock 11.1K $26.19 Direct
holding UBSI Phantom Stock 254 Nov 30, 2022 Common Stock 254 Direct F2, F3, F4
holding UBSI Stock Option 11.1K Nov 30, 2022 Common Stock 11.1K $28.89 Direct
holding UBSI Stock Option 14.8K Nov 30, 2022 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K Nov 30, 2022 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 11.1K Nov 30, 2022 Common Stock 11.1K $35.04 Direct
holding UBSI Stock Option 11.1K Nov 30, 2022 Common Stock 11.1K $36.92 Direct
holding UBSI Stock Option 16.1K Nov 30, 2022 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K Nov 30, 2022 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K Nov 30, 2022 Common Stock 16.1K $45.30 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
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.