RICHARD M. ADAMS JR - 07 Dec 2023 Form 4 Insider Report for UNITED BANKSHARES INC/WV (UBSI)

Role
Chief Executive Officer
Signature
Shelli L. Adams
Issuer symbol
UBSI
Transactions as of
07 Dec 2023
Transactions value $
-$419,609
Form type
4
Filing time
08 Dec 2023, 16:56:39 UTC
Previous filing
28 Feb 2023
Next filing
26 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 Options Exercise $321K +11.1K +10.78% $28.89 114K 07 Dec 2023 Direct
transaction UBSI Common Stock Tax liability -$352K -10K -8.8% $35.02 104K 07 Dec 2023 Direct
holding UBSI Common Stock 14.1K 07 Dec 2023 By 401k F1
holding UBSI Common Stock 11K 07 Dec 2023 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 -$389K -11.1K -100% $35.02 0 07 Dec 2023 Common Stock 11.1K $28.89 Direct
holding UBSI Phantom Stock 254 07 Dec 2023 Common Stock 254 Direct F2, F3, F4
holding UBSI Stock Option 14.8K 07 Dec 2023 Common Stock 14.8K $32.51 Direct
holding UBSI Stock Option 7.38K 07 Dec 2023 Common Stock 7.38K $32.51 Direct
holding UBSI Stock Option 11.1K 07 Dec 2023 Common Stock 11.1K $35.04 Direct
holding UBSI Stock Option 11.1K 07 Dec 2023 Common Stock 11.1K $36.92 Direct
holding UBSI Stock Option 16.1K 07 Dec 2023 Common Stock 16.1K $37.60 Direct
holding UBSI Stock Option 11.6K 07 Dec 2023 Common Stock 11.6K $38.49 Direct
holding UBSI Stock Option 16.1K 07 Dec 2023 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.