Form 4: UBSI EVP Exercises Options, Adjusts Holdings
Insider Transaction Report
United Bankshares Executive Vice President Charles J. Mildren exercised stock options and adjusted common stock holdings, including shares for tax obligations.
Summary
- Charles J. Mildren, Executive Vice President of United Bankshares Inc./WV (UBSI), reported transactions on December 11, 2025.
- Mildren acquired 3,200 shares of Common Stock through the exercise of stock options at an exercise price of $35.04 per share.
- Concurrently, Mildren disposed of 2,995 shares of Common Stock at a price of $39.53 per share, primarily to cover tax withholding obligations related to the option exercise.
- Following these transactions, Mildren directly beneficially owns 19,842.941 shares of Common Stock.
- Indirect beneficial ownership includes 7,023.4462 shares through a 401k plan and 646.007 shares by immediate family, with additional shares acquired through the Dividend Reinvestment Plan and 401k plan since the last report.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive. While there was a disposition of shares, it was primarily for tax withholding, which is a routine event. The underlying action of exercising options suggests the executive sees value in the stock at the exercise price.
Positives
- The exercise of stock options by an Executive Vice President indicates a degree of confidence in the company's stock value at the exercise price.
Negatives
- A portion of the acquired shares was immediately disposed of to cover tax liabilities, which is a common practice but reduces the net increase in direct beneficial ownership.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This insider transaction report reflects routine compensation-related activities for an executive in the banking sector. Such transactions are common and typically do not indicate broader industry trends or competitive positioning.
Related Party Transactions
- Transactions involve an executive (Charles J. Mildren) of United Bankshares Inc./WV, which are considered related party dealings in the context of insider reporting.
Stakeholder Impact
- Shareholders: The transaction represents a routine insider compensation event and is unlikely to have a significant direct impact on the broader shareholder base.
- Employees: No direct impact on employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date stock option became exercisable |
| 02/27/2017 | Expiration date for stock option with exercise price $45.3 |
| 02/26/2018 | Expiration date for stock option with exercise price $37.6 |
| 02/25/2019 | Expiration date for stock option with exercise price $38.49 |
| 02/24/2020 | Expiration date for stock option with exercise price $32.51 |
| 03/01/2026 | Expiration date for stock option with exercise price $35.04 |
| 12/11/2025 | Date of stock option exercise and common stock disposition |
| 12/12/2025 | Signature date of reporting person |
Keywords
United Bankshares, UBSI, Form 4, Insider Transaction, Stock Options, Common Stock, Executive Vice President, Beneficial Ownership, Dividend Reinvestment Plan, 401k
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