Richard M. Adams Jr - Feb 22, 2024 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, 2024
Transactions value $
-$263,573
Form type
4
Date filed
2/26/2024, 03:21 PM
Previous filing
Dec 8, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Award $0 +29.1K +27.97% $0.00 133K Feb 22, 2024 Direct F1
transaction UBSI Common Stock Award $0 +11.5K +8.64% $0.00 145K Feb 22, 2024 Direct F2
transaction UBSI Common Stock Tax liability -$40.8K -1.18K -0.82% $34.49 143K Feb 22, 2024 Direct
transaction UBSI Common Stock Tax liability -$42.8K -1.24K -0.86% $34.49 142K Feb 22, 2024 Direct
transaction UBSI Common Stock Tax liability -$180K -5.22K -3.67% $34.49 137K Feb 22, 2024 Direct
holding UBSI Common Stock 14.4K Feb 22, 2024 By 401k F3
holding UBSI Common Stock 11K Feb 22, 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 Feb 22, 2024 Common Stock 254 Direct F4, F5, F6
holding UBSI Stock Option 14.8K Feb 22, 2024 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K Feb 22, 2024 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 11.1K Feb 22, 2024 Common Stock 11.1K $35.04 Direct
holding UBSI Stock Option 11.1K Feb 22, 2024 Common Stock 11.1K $36.92 Direct
holding UBSI Stock Option 16.1K Feb 22, 2024 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K Feb 22, 2024 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K Feb 22, 2024 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 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.