Form 4: UBSI COO Exercises Options, Adjusts Holdings
Insider Transaction Report
United Bankshares COO James J. Consagra Jr. exercised stock options and adjusted his common stock holdings, increasing direct ownership.
Summary
- James J. Consagra Jr., Chief Operating Officer of United Bankshares Inc./WV (UBSI), reported transactions on December 11, 2025.
- Exercised 11,100 stock options at an exercise price of $35.04 per share.
- Acquired 11,100 shares of common stock through the option exercise.
- Disposed of 10,411 shares of common stock at $39.53 per share, likely to cover tax obligations related to the option exercise.
- Following these transactions, direct beneficial ownership stands at 131,237 shares of common stock.
- Indirect beneficial ownership includes 11,306.1971 shares held in a 401k plan, reflecting additional shares acquired since the last report.
- Remaining unexercised stock options include 14,761 at $32.51 (expiring 02/24/2030), 7,381 at $32.51 (expiring 02/24/2030), 16,060 at $37.60 (expiring 02/26/2028), 11,613 at $38.49 (expiring 02/25/2029), and 16,060 at $45.30 (expiring 02/27/2027).
Sentiment
Score: 6
Explanation: The Chief Operating Officer exercised a significant number of stock options, which is generally viewed as a positive signal of management's confidence in the company's future performance. The subsequent sale of shares appears to be for tax withholding purposes, a common practice, rather than a divestment of all acquired shares.
Positives
- The Chief Operating Officer exercised a significant number of stock options (11,100 shares), indicating confidence in the company's value.
- The exercise price of $35.04 is below the disposition price of $39.53, suggesting a profitable transaction for the insider.
- The insider continues to hold a substantial number of shares directly (131,237) and indirectly (11,306.1971 in 401k).
Negatives
- Disposition of 10,411 shares, although likely for tax purposes, reduces the direct beneficial ownership slightly from the peak after exercise.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: May view the insider's option exercise as a positive signal of confidence. The overall impact is minor as these are routine insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date exercisable for 11,100 stock options that were exercised |
| 02/27/2017 | Date exercisable for 16,060 stock options at $45.30 |
| 02/26/2018 | Date exercisable for 16,060 stock options at $37.60 |
| 02/25/2019 | Date exercisable for 11,613 stock options at $38.49 |
| 02/24/2020 | Date exercisable for 14,761 stock options at $32.51 |
| 02/24/2021 | Date exercisable for 7,381 stock options at $32.51 |
| 12/11/2025 | Date of earliest transaction (option exercise and stock disposition) |
| 02/28/2026 | Expiration date for 11,100 stock options that were exercised |
| 02/27/2027 | Expiration date for 16,060 stock options at $45.30 |
| 02/26/2028 | Expiration date for 16,060 stock options at $37.60 |
| 02/25/2029 | Expiration date for 11,613 stock options at $38.49 |
| 02/24/2030 | Expiration date for 14,761 and 7,381 stock options at $32.51 |
Keywords
United Bankshares, UBSI, insider transaction, Form 4, stock options, beneficial ownership, COO, James J. Consagra Jr., equity, SEC filing
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