Richard M. Adams Jr. - 22 Feb 2024 Form 4 Insider Report for UNITED BANKSHARES INC/WV (UBSI)

Role
Chief Executive Officer
Signature
Shelli L. Adams
Issuer symbol
UBSI
Transactions as of
22 Feb 2024
Net transactions value
-$263,573
Form type
4
Filing time
26 Feb 2024, 15:21:12 UTC
Previous filing
08 Dec 2023
Next filing
27 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Award $0 +29,104 +28% $0.000000 133,151 22 Feb 2024 Direct F1
transaction UBSI Common Stock Award $0 +11,509 +8.6% $0.000000 144,660 22 Feb 2024 Direct F2
transaction UBSI Common Stock Tax liability $40,767 -1,182 -0.82% $34.49 143,478 22 Feb 2024 Direct
transaction UBSI Common Stock Tax liability $42,768 -1,240 -0.86% $34.49 142,238 22 Feb 2024 Direct
transaction UBSI Common Stock Tax liability $180,038 -5,220 -3.7% $34.49 137,018 22 Feb 2024 Direct
holding UBSI Common Stock 14,405 22 Feb 2024 By 401k F3
holding UBSI Common Stock 10,986 22 Feb 2024 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 22 Feb 2024 Common Stock 254 Direct F4, F5, F6
holding UBSI Stock Option 14,761 22 Feb 2024 Common Stock 14,761 $32.51 Direct
holding UBSI Stock Option 7,381 22 Feb 2024 Common Stock 7,381 $32.51 Direct
holding UBSI Stock Option 11,100 22 Feb 2024 Common Stock 11,100 $35.04 Direct
holding UBSI Stock Option 11,100 22 Feb 2024 Common Stock 11,100 $36.92 Direct
holding UBSI Stock Option 16,060 22 Feb 2024 Common Stock 16,060 $37.60 Direct
holding UBSI Stock Option 11,613 22 Feb 2024 Common Stock 11,613 $38.49 Direct
holding UBSI Stock Option 16,060 22 Feb 2024 Common Stock 16,060 $45.30 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were acquired pursuant to a grant of restricted stock units. The award vests in three equal annual installments.
F2 Represents performance-based restricted stock units granted in February, 2021 that vested in February, 2024 upon achievement of performance goals. The restricted stock units were settled by delivery of an equal number of shares of common stock.
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.