Form 4: Executive VP Proctor Exercises UBSI Stock Options
Insider Transaction Report
United Bankshares Executive Vice President Michael Proctor reported exercising stock options and related tax-withholding transactions.
Summary
- Michael Proctor, Executive Vice President of United Bankshares Inc./WV (UBSI), reported transactions on December 11, 2025.
- Exercised 1,500 stock options for Common Stock at an exercise price of $35.04 per share.
- Disposed of 1,395 shares of Common Stock at $39.53 per share to cover tax withholding obligations related to the option exercise.
- Following these transactions, direct beneficial ownership of Common Stock is 10,193.2962 shares.
- Indirect beneficial ownership through a 401k plan is 4,448.1758 shares.
- Additional shares were acquired through the Dividend Reinvestment Plan and the UBSI 401K plan since the last report.
Sentiment
Score: 6
Explanation: The executive exercised options, indicating a positive view on the stock at the exercise price. However, a significant portion of the acquired shares were immediately sold to cover tax obligations, which is a common practice but reduces the net increase in direct holdings. Continued investment through DRIP and 401k is a positive sign.
Positives
- Executive exercising options indicates confidence in the company's stock at the exercise price.
- Acquisition of additional shares through the Dividend Reinvestment Plan and 401k suggests continued investment by the insider.
Negatives
- Disposal of 1,395 shares, even for tax withholding, reduces the insider's direct holdings.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Insider transactions can influence investor sentiment. The exercise of options and continued indirect investment might be seen positively, while the tax-related sale is a neutral event.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date exercisable for 1,500 stock options (expired 03/01/2026) |
| 02/27/2017 | Date exercisable for 1,500 stock options (expires 02/27/2027) |
| 02/26/2018 | Date exercisable for 2,000 stock options (expires 02/26/2028) |
| 02/25/2019 | Date exercisable for 2,000 stock options (expires 02/25/2029) |
| 02/24/2020 | Date exercisable for 906 stock options (expires 02/24/2030) |
| 12/11/2025 | Transaction Date for stock option exercise and tax-related disposal |
| 12/12/2025 | Signature Date of Reporting Person |
| 03/01/2026 | Expiration Date for 1,500 stock options (exercised on 12/11/2025) |
| 02/27/2027 | Expiration Date for 1,500 stock options |
| 02/26/2028 | Expiration Date for 2,000 stock options |
| 02/25/2029 | Expiration Date for 2,000 stock options |
| 02/24/2030 | Expiration Date for 906 stock options |
Recommendation
holdThis Form 4 reports a routine insider transaction involving the exercise of stock options and a subsequent sale to cover tax liabilities. While the exercise of options can be seen as a positive signal of insider confidence, the concurrent sale for tax purposes is a standard practice and does not necessarily indicate a change in sentiment. The overall impact on the company's fundamentals or strategic direction is negligible, thus warranting a 'hold' recommendation based solely on this filing.
Keywords
United Bankshares, UBSI, Michael Proctor, Form 4, Insider Trading, Stock Options, Executive Vice President, Beneficial Ownership, Common Stock, Dividend Reinvestment Plan, 401k
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