Form 4: Director Winter P Clinton Reports Changes in Beneficial Ownership of United Bankshares Inc/WV (UBSI)
SEC Form 4 Filing
Director Winter P Clinton filed a Form 4 detailing changes in beneficial ownership of United Bankshares Inc/WV (UBSI) common stock and phantom stock.
Summary
- On May 21, 2024, Director Winter P Clinton filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of United Bankshares Inc/WV (UBSI) common stock and phantom stock.
- Clinton directly owns 455,166 shares of UBSI common stock.
- Clinton indirectly owns 36,800 shares through Bray & Oakley Insurance and 1,000 shares through a spouse.
- Clinton also owns 47,031 shares of phantom stock, payable in cash upon termination of employment with UBSI.
- 735 shares of phantom stock were acquired at a price of $34.262 on May 21, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
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 a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction and filing of Form 4 |
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