Richard M. Adams Jr - Nov 6, 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
Nov 6, 2024
Transactions value $
-$501,316
Form type
4
Date filed
11/8/2024, 12:55 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Options Exercise $410K +11.1K +8.39% $36.92 143K Nov 6, 2024 Direct
transaction UBSI Common Stock Tax liability -$438K -10.3K -7.18% $42.59 133K Nov 6, 2024 Direct
holding UBSI Common Stock 15.1K Nov 6, 2024 By 401k F1
holding UBSI Common Stock 11K Nov 6, 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
transaction UBSI Stock Option Options Exercise -$473K -11.1K -100% $42.59 0 Nov 6, 2024 Common Stock 11.1K $36.92 Direct
holding UBSI Phantom Stock 254 Nov 6, 2024 Common Stock 254 Direct F2, F3, F4
holding UBSI Stock Option 14.8K Nov 6, 2024 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K Nov 6, 2024 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 11.1K Nov 6, 2024 Common Stock 11.1K $35.04 Direct
holding UBSI Stock Option 16.1K Nov 6, 2024 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K Nov 6, 2024 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K Nov 6, 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 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.