Richard M. Adams Jr - Feb 24, 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 24, 2023
Transactions value $
-$136,378
Form type
4
Date filed
2/28/2023, 10:03 AM
Previous filing
Feb 24, 2023
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Tax liability -$91.1K -2.22K -2.09% $40.98 104K Feb 24, 2023 Direct F1
transaction UBSI Common Stock Tax liability -$45.2K -1.11K -1.06% $40.94 103K Feb 25, 2023 Direct F1
holding UBSI Common Stock 13.3K Feb 24, 2023 By 401k
holding UBSI Common Stock 11K Feb 24, 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 24, 2023 Common Stock 254 Direct F2, F3, F4
holding UBSI Stock Option 11.1K Feb 24, 2023 Common Stock 11.1K $28.89 Direct
holding UBSI Stock Option 14.8K Feb 24, 2023 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K Feb 24, 2023 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 11.1K Feb 24, 2023 Common Stock 11.1K $35.04 Direct
holding UBSI Stock Option 11.1K Feb 24, 2023 Common Stock 11.1K $36.92 Direct
holding UBSI Stock Option 16.1K Feb 24, 2023 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K Feb 24, 2023 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K Feb 24, 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 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.