Richard M. Adams Jr - Feb 23, 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 23, 2024
Transactions value $
-$160,870
Form type
4
Date filed
2/27/2024, 02:55 PM
Previous filing
Feb 26, 2024
Next filing
Nov 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Tax liability -$84.3K -2.45K -1.79% $34.36 135K Feb 23, 2024 Direct
transaction UBSI Common Stock Tax liability -$76.6K -2.23K -1.65% $34.42 132K Feb 24, 2024 Direct
holding UBSI Common Stock 14.4K Feb 23, 2024 By 401k
holding UBSI Common Stock 11K Feb 23, 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 23, 2024 Common Stock 254 Direct F1, F2, F3
holding UBSI Stock Option 14.8K Feb 23, 2024 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K Feb 23, 2024 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 11.1K Feb 23, 2024 Common Stock 11.1K $35.04 Direct
holding UBSI Stock Option 11.1K Feb 23, 2024 Common Stock 11.1K $36.92 Direct
holding UBSI Stock Option 16.1K Feb 23, 2024 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K Feb 23, 2024 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K Feb 23, 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 1 for 1
F2 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.
F3 Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.