Richard M. Adams Jr - Dec 7, 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
Dec 7, 2023
Transactions value $
-$419,609
Form type
4
Date filed
12/8/2023, 04:56 PM
Previous filing
Feb 28, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Options Exercise $321K +11.1K +10.78% $28.89 114K Dec 7, 2023 Direct
transaction UBSI Common Stock Tax liability -$352K -10K -8.8% $35.02 104K Dec 7, 2023 Direct
holding UBSI Common Stock 14.1K Dec 7, 2023 By 401k F1
holding UBSI Common Stock 11K Dec 7, 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
transaction UBSI Stock Option Options Exercise -$389K -11.1K -100% $35.02 0 Dec 7, 2023 Common Stock 11.1K $28.89 Direct
holding UBSI Phantom Stock 254 Dec 7, 2023 Common Stock 254 Direct F2, F3, F4
holding UBSI Stock Option 14.8K Dec 7, 2023 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K Dec 7, 2023 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 11.1K Dec 7, 2023 Common Stock 11.1K $35.04 Direct
holding UBSI Stock Option 11.1K Dec 7, 2023 Common Stock 11.1K $36.92 Direct
holding UBSI Stock Option 16.1K Dec 7, 2023 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K Dec 7, 2023 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K Dec 7, 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 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.