Richard M. Adams Jr - Feb 22, 2023 Form 4 Insider Report for UNITED BANKSHARES INC/WV (UBSI)

Role: Chief Executive Officer
Signature: Shelli L. Adams
Stock symbol: UBSI
Transactions as of: Feb 22, 2023
Transactions value $: -$98,554
Form type: 4
Date filed: 2/24/2023, 12:22 PM
Previous filing: Dec 2, 2022
Next filing: Feb 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UBSI	Common Stock	Tax liability	-$98.6K	-2.41K	-2.61%	$40.86	90.1K	Feb 22, 2023	Direct	F1
transaction	UBSI	Common Stock	Award	$0	+16.2K	+18.01%	$0.00	106K	Feb 23, 2023	Direct	F2
holding	UBSI	Common Stock						13.3K	Feb 22, 2023	By 401k	F3
holding	UBSI	Common Stock						11K	Feb 22, 2023	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	Feb 22, 2023	Common Stock	254		Direct	F4, F5, F6
holding	UBSI	Stock Option						11.1K	Feb 22, 2023	Common Stock	11.1K	$28.89	Direct
holding	UBSI	Stock Option						14.8K	Feb 22, 2023	Common Stock	14.8K	$32.51	Direct
holding	UBSI	Stock Option						7.38K	Feb 22, 2023	Common Stock	7.38K	$32.51	Direct
holding	UBSI	Stock Option						11.1K	Feb 22, 2023	Common Stock	11.1K	$35.04	Direct
holding	UBSI	Stock Option						11.1K	Feb 22, 2023	Common Stock	11.1K	$36.92	Direct
holding	UBSI	Stock Option						16.1K	Feb 22, 2023	Common Stock	16.1K	$37.60	Direct
holding	UBSI	Stock Option						11.6K	Feb 22, 2023	Common Stock	11.6K	$38.49	Direct
holding	UBSI	Stock Option						16.1K	Feb 22, 2023	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	Withholding of shares to satisfy tax withholdings in connection with vested restricted stock units.
F2	Shares were acquired pursuant to a grant of restricted stock units. The award vests in three equal annual installments.
F3	Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
F4	1 for 1
F5	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.
F6	Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.