Form 4: UBSI Director P. Clinton Winter Acquires Phantom Stock

United Bankshares Inc. Director P. Clinton Winter acquired 512 phantom stock units at a price of $42.0344 per unit.

Summary

• P. Clinton Winter, a Director of United Bankshares Inc. (UBSI), acquired 512 shares of phantom stock.
• The transaction occurred on April 1, 2026, with a price of $42.0344 per phantom stock unit.
• Following this transaction, P. Clinton Winter beneficially owns 57,248 derivative securities (phantom stock).
• Direct beneficial ownership of common stock stands at 458,658 shares.
• Indirect beneficial ownership of common stock includes 36,800 shares through Bray & Oakley Insurance and 1,000 shares by spouse.
• Phantom stock units are payable in cash upon the reporting person's termination of employment with UBSI.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting ongoing director engagement and participation in the company's long-term incentive structure, which is generally a good sign for corporate governance.

Positives

• The acquisition of phantom stock by a director indicates continued alignment of management interests with the company's long-term performance.
• The transaction is likely part of a routine compensation or incentive plan, reflecting ongoing director involvement.

Negatives

• No specific negative aspects are identified from this routine phantom stock acquisition.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the nature of the phantom stock being payable upon termination of employment.

Industry Context

StockSavvy.ai notes that phantom stock grants are a common form of equity-based compensation in the financial services industry, particularly for directors and executives, designed to align their interests with long-term shareholder value without immediate dilution.

Comparison to Industry Standards

• Phantom stock plans are a standard compensation tool in the banking sector, similar to those used by peers like Truist Financial Corporation or PNC Financial Services Group, offering deferred compensation tied to company performance without granting actual shares upfront.
• The specific grant size of 512 units is typical for a director's annual compensation package, aligning with practices seen in regional banks of comparable size to United Bankshares Inc.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of a director's interests with the company's performance, potentially fostering long-term value creation.
• Employees: No direct impact on general employees is noted from this director-level compensation event.

Key Dates

Keywords

United Bankshares Inc., UBSI, P. Clinton Winter, Phantom Stock, Director Compensation, SEC Form 4, Insider Transaction, Equity Compensation