RICHARD M. ADAMS JR - 11 Dec 2025 Form 4 Insider Report for UNITED BANKSHARES INC/WV (UBSI)

Role
Chief Executive Officer, Director
Signature
Shelli L. Adams
Issuer symbol
UBSI
Transactions as of
11 Dec 2025
Transactions value $
-$461,386
Form type
4
Filing time
12 Dec 2025, 15:07:08 UTC
Previous filing
25 Feb 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ADAMS RICHARD M JR Chief Executive Officer, Director 514 MARKET ST, PARKERSBURG Shelli L. Adams 12 Dec 2025 0001190513

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBSI Common Stock Options Exercise $389K +11.1K +6.87% $35.04 173K 11 Dec 2025 Direct
transaction UBSI Common Stock Tax liability -$412K -10.4K -6.03% $39.53 162K 11 Dec 2025 Direct
holding UBSI Common Stock 16.2K 11 Dec 2025 By 401k F1
holding UBSI Common Stock 11K 11 Dec 2025 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 -$439K -11.1K -100% $39.53 0 11 Dec 2025 Common Stock 11.1K $35.04 Direct
holding UBSI Phantom Stock 254 11 Dec 2025 Common Stock 254 Direct F2, F3, F4
holding UBSI Stock Option 14.8K 11 Dec 2025 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K 11 Dec 2025 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 16.1K 11 Dec 2025 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K 11 Dec 2025 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K 11 Dec 2025 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 Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.
F3 1 for 1
F4 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.