P. Clinton Winter - 13 Nov 2023 Form 4 Insider Report for UNITED BANKSHARES INC/WV (UBSI)

Role: Director
Signature: Shelli L. Adams
Issuer symbol: UBSI
Transactions as of: 13 Nov 2023
Net transactions value: +$27,638
Form type: 4
Filing time: 13 Nov 2023, 16:14:24 UTC
Previous filing: 13 Nov 2023
Next filing: 02 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UBSI	Common Stock						453,420	13 Nov 2023	Direct
holding	UBSI	Common Stock						36,800	13 Nov 2023	Bray & Oakley Insurance
holding	UBSI	Common Stock						1,000	13 Nov 2023	By Spouse

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	Phantom Stock	Purchase	$27,638	+937	+2.2%	$29.50	44,471	13 Nov 2023	Common Stock	937		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	1 for 1
F2	Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.