Form 4: UBSI COO Consagra Reports RSU Vesting, Share Dispositions
Insider Transaction Report
United Bankshares Inc./WV's Chief Operating Officer, James J. Consagra Jr., reported the vesting of performance-based restricted stock units and subsequent share dispositions for tax purposes.
Summary
- James J. Consagra Jr., Chief Operating Officer of United Bankshares Inc./WV (UBSI), reported transactions involving the company's common stock.
- On February 23, 2026, Mr. Consagra acquired 13,978 shares of common stock at a price of $0.00 per share, resulting from the vesting of performance-based restricted stock units granted in February 2023.
- These restricted stock units vested upon the achievement of performance goals.
- Concurrently, Mr. Consagra disposed of a total of 11,199 shares of common stock at a price of $44.28 per share across February 22 and 23, 2026.
- These dispositions were likely to cover tax obligations associated with the vesting of the restricted stock units.
- Following these transactions, Mr. Consagra's direct beneficial ownership of common stock increased to 148,186 shares.
- He also holds 11,610.683 shares indirectly through a 401k and various stock options.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive event, as the vesting of performance-based units indicates the achievement of company goals, and the executive's overall direct ownership increased despite tax-related dispositions.
Positives
- Vesting of 13,978 performance-based restricted stock units indicates the achievement of previously set performance goals.
- The Chief Operating Officer's direct beneficial ownership of common stock increased to 148,186 shares after the transactions.
Negatives
- Disposition of 11,199 shares of common stock at $44.28 per share, likely for tax withholding, reduces the immediate increase in direct ownership from the RSU vesting.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transactions, particularly those related to executive compensation such as RSU vesting and subsequent tax-related dispositions, are common occurrences in the financial services industry. These filings provide transparency into executive ownership and compensation structures but typically do not reflect broader industry trends or competitive positioning.
Related Party Transactions
- The reported transactions are between the company and its Chief Operating Officer, James J. Consagra Jr., which are inherently related-party dealings.
- The acquisition of 13,978 shares resulted from the vesting of performance-based restricted stock units, a form of executive compensation.
- The disposition of 11,199 shares was for tax withholding purposes related to this compensation.
Stakeholder Impact
- Shareholders: The vesting of performance-based units suggests that the company met certain operational or financial targets, which could be viewed positively. The increase in the COO's direct ownership aligns his interests further with shareholders.
- Employees: The successful vesting of executive equity awards can signal a healthy compensation structure and achievement of company objectives.
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Date exercisable for stock options with exercise price $45.30, expiring 02/27/2027. |
| 02/26/2018 | Date exercisable for stock options with exercise price $37.60, expiring 02/26/2028. |
| 02/25/2019 | Date exercisable for stock options with exercise price $38.49, expiring 02/25/2029. |
| 02/24/2020 | Date exercisable for stock options with exercise price $32.51, expiring 02/24/2030. |
| 02/24/2021 | Date exercisable for stock options with exercise price $32.51, expiring 02/24/2030. |
| 02/22/2026 | Disposition of 2,851 shares of common stock for tax withholding. |
| 02/23/2026 | Acquisition of 13,978 shares of common stock from RSU vesting and disposition of 8,348 shares for tax withholding. |
| 02/25/2026 | Date of filing. |
| 02/27/2027 | Expiration date for stock options with exercise price $45.30. |
| 02/26/2028 | Expiration date for stock options with exercise price $37.60. |
| 02/25/2029 | Expiration date for stock options with exercise price $38.49. |
| 02/24/2030 | Expiration date for stock options with exercise price $32.51. |
Keywords
United Bankshares, UBSI, James J. Consagra Jr., Chief Operating Officer, COO, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Stock Options, Beneficial Ownership, Executive Compensation
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