Form 4: UBSI COO Consagra Reports Stock Disposition
Insider Transaction Report
United Bankshares Chief Operating Officer James J. Consagra Jr. reported the disposition of 2,984 shares of common stock for tax liability at $44.07 per share.
Summary
- James J. Consagra Jr., Chief Operating Officer of United Bankshares Inc./WV (UBSI), reported a transaction involving common stock.
- On February 20, 2026, 2,984 shares of common stock were disposed of at a price of $44.07 per share.
- This disposition was coded as 'F', indicating payment of exercise price or tax liability by delivering or withholding securities.
- Following this transaction, Mr. Consagra directly beneficially owns 145,407 shares of common stock and indirectly owns 11,610.683 shares via a 401k.
- The filing also details various stock options held by Mr. Consagra, with exercise prices ranging from $32.51 to $45.30 and expiration dates between 2027 and 2030.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine tax-related disposition of shares by an insider, which does not indicate a change in company fundamentals or management's long-term outlook.
Future Outlook
This filing does not contain forward-looking statements or guidance, as it reports a specific insider transaction.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider trading activity, providing transparency into management's holdings and transactions. This specific filing indicates a tax-related disposition, which is a common occurrence for executives receiving equity compensation in the banking sector.
Comparison to Industry Standards
- This is a standard Form 4 filing reporting an insider transaction. The transaction itself, a disposition for tax withholding, is a common practice in executive compensation plans across various industries, including the banking sector. No specific comparable companies or projects are mentioned in the filing to allow for a detailed comparison of results.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine tax-related disposition, not a sale indicating a lack of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Date exercisable for 16,060 stock options with an exercise price of $45.30. |
| 02/26/2018 | Date exercisable for 16,060 stock options with an exercise price of $37.60. |
| 02/25/2019 | Date exercisable for 11,613 stock options with an exercise price of $38.49. |
| 02/24/2020 | Date exercisable for 14,761 stock options with an exercise price of $32.51. |
| 02/24/2021 | Date exercisable for 7,381 stock options with an exercise price of $32.51. |
| 02/20/2026 | Transaction date for the disposition of 2,984 common shares for tax liability. |
| 02/23/2026 | Signature date of the reporting person. |
| 02/27/2027 | Expiration date for 16,060 stock options with an exercise price of $45.30. |
| 02/26/2028 | Expiration date for 16,060 stock options with an exercise price of $37.60. |
| 02/25/2029 | Expiration date for 11,613 stock options with an exercise price of $38.49. |
| 02/24/2030 | Expiration date for 14,761 stock options with an exercise price of $32.51. |
| 02/24/2030 | Expiration date for 7,381 stock options with an exercise price of $32.51. |
Recommendation
holdThe filing details a routine tax-related disposition of shares by a Chief Operating Officer, which is a common occurrence for equity compensation. It does not signal any fundamental change in the company's prospects or management's confidence, thus a 'hold' recommendation is appropriate as there's no new information to warrant a change in investment thesis.
Keywords
United Bankshares, UBSI, James J. Consagra Jr., Chief Operating Officer, COO, Form 4, insider transaction, common stock, stock options, beneficial ownership, tax withholding
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