Form 4: UBSI EVP Exercises Stock Options, Adjusts Holdings

United Bankshares Executive Vice President Ross M. Draber exercised stock options and adjusted common stock holdings on December 11, 2025.

Summary

• Ross M. Draber, Executive Vice President of United Bankshares Inc./WV (UBSI), reported transactions on December 11, 2025.
• Draber acquired 2,000 shares of Common Stock through the exercise of stock options at a price of $35.04 per share.
• Concurrently, 1,876 shares of Common Stock were disposed of at $39.53 per share, likely for tax withholding purposes related to the option exercise.
• Following these transactions, Draber directly beneficially owns 22,913.6293 shares of Common Stock.
• An additional 5,405.0971 shares are indirectly beneficially owned through a 401k plan, which includes shares acquired since the last report.
• The filing also notes additional stock acquired in the Dividend Reinvestment Plan.
• The exercised stock options had an exercise price of $35.04 and an expiration date of March 1, 2026.
• Draber continues to hold other stock options with various exercise prices and expiration dates, including 1,453 options at $32.51 (expiring 02/24/2030), 3,000 options at $37.60 (expiring 02/26/2028), 3,200 options at $38.49 (expiring 02/25/2029), and 2,500 options at $45.30 (expiring 02/27/2027).

Sentiment

Score: 6

Explanation: This is a routine insider transaction involving the exercise of stock options and subsequent tax-related disposition. It reflects a standard compensation event and the executive's realization of value from previously granted options, with continued significant holdings.

Positives

• The exercise of stock options indicates that the stock price was above the strike price, allowing the executive to realize value from their compensation package.
• The executive continues to hold a significant number of direct and indirect shares, demonstrating ongoing alignment with shareholder interests.

Negatives

• A portion of the acquired shares (1,876 shares) was disposed of, likely to cover tax obligations associated with the option exercise, reducing the net increase in direct holdings.

Future Outlook

NA

Industry Context

Insider transactions, such as the exercise of stock options and subsequent share dispositions for tax purposes, are routine events in publicly traded companies. They reflect standard executive compensation practices and do not typically indicate a shift in broader industry trends or competitive landscape. The executive's continued significant holdings suggest ongoing confidence in the company's long-term prospects.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and does not significantly alter the company's capital structure or strategic direction. The executive's continued holdings align interests.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• Continued beneficial ownership of common stock and remaining stock options by the executive.

Key Dates

Recommendation

The Form 4 filing details a routine insider transaction involving the exercise of stock options and subsequent sale of shares to cover tax obligations. This type of transaction is common for executives and does not inherently signal a significant change in the company's fundamental outlook or the executive's long-term commitment. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

UBSI, United Bankshares, Form 4, Insider Transaction, Stock Options, Executive Compensation, Beneficial Ownership, Financial Services, Banking