Form 4: Director Lacy Rice III Boosts UBSI Stake

United Bankshares Director Lacy I Rice III acquired 101 shares of common stock at $41.5942 per share through a dividend reinvestment plan.

Summary

• Lacy I Rice III, a Director of United Bankshares Inc./WV (UBSI), acquired 101 shares of common stock.
• The transaction occurred on January 28, 2026, with a deemed execution date on the same day.
• The shares were acquired at a price of $41.5942 per share.
• The acquisition was made indirectly by immediate family members.
• Following this transaction, the total beneficial ownership of common stock by Lacy I Rice III is 36,966.1057 shares, held directly.
• The total beneficial ownership includes additional stock acquired through a Dividend Reinvestment Plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even a small amount, through a dividend reinvestment plan, generally indicates confidence in the company's long-term value and dividend policy. This is a positive signal for investors.

Positives

• A director is increasing their stake in the company, which can signal confidence in the company's future prospects.
• The acquisition was part of a Dividend Reinvestment Plan, indicating a long-term investment strategy and potentially a stable dividend policy.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, as it is a report of an insider transaction.

Industry Context

Insider purchases, especially through dividend reinvestment plans, are generally viewed positively in the financial services sector as they demonstrate management's belief in the company's stability and growth potential, aligning their interests with shareholders.

Comparison to Industry Standards

• While specific comparable companies or projects are not detailed in this Form 4, insider buying activity, particularly by directors, is a common indicator tracked by investors across the banking industry.
• A director increasing their stake, even modestly, can be seen as a positive signal, especially when compared to instances of insider selling or no activity within the sector.

Related Party Transactions

• The acquisition of 101 shares was made indirectly by immediate family, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: May view the director's purchase as a positive signal of confidence in the company's future and dividend sustainability.

Key Dates

Recommendation

The director's acquisition of shares, particularly through a dividend reinvestment plan, signals confidence in the company's long-term prospects and dividend policy. While positive, this single transaction of 101 shares is not substantial enough to fundamentally alter the investment thesis for a 'buy' or 'sell' recommendation, but it reinforces a 'hold' position for existing investors and suggests continued stability.

Keywords

United Bankshares, UBSI, Insider Trading, Form 4, Director Stock Purchase, Dividend Reinvestment Plan, Common Stock, Financial Services