Form 4: Director Winter P Clinton Reports Acquisition of Phantom Stock in United Bankshares Inc/WV
SEC Form 4 Filing
Director Winter P Clinton filed a Form 4 disclosing the acquisition of phantom stock in United Bankshares Inc/WV.
Summary
- On November 12, 2024, Director Winter P Clinton reported a transaction involving phantom stock of United Bankshares Inc/WV.
- The transaction involved the acquisition of 760 shares of phantom stock at a price of $43.0059 per share.
- Following the transaction, Clinton directly owns 455,166 shares of common stock and 49,758 derivative securities.
- Clinton also indirectly owns 36,800 shares of common stock through Bray & Oakley Insurance and 1,000 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock is payable in cash following the reporting person's termination of employment with UBSI.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 11/12/2024 | Date of the reported transaction involving phantom stock. |
| 11/12/2024 | Date of filing the Form 4. |
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