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 6, 2024, Director Winter P Clinton reported changes in beneficial ownership of United Bankshares Inc/WV (UBSI) securities.
- The report includes transactions related to phantom stock and holdings of common stock.
- Clinton directly owns 455,166 shares of common stock.
- Clinton indirectly owns 36,800 shares through Bray & Oakley Insurance and 1,000 shares through a spouse.
- 80 shares of phantom stock were acquired at a price of $34.15.
- The phantom stock is payable in cash upon termination of employment with UBSI.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in the financial industry. It provides transparency to investors regarding the holdings and transactions of key personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of the reported transaction and deemed execution date for phantom stock. |
| 05/07/2024 | Date of signature by Shelli L. Adams. |
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