Form 4: UBSI EVP Michael Proctor Disposes Shares for Tax
Insider Transaction Report
United Bankshares Inc. Executive Vice President Michael Proctor reported a disposition of 295 common shares for tax withholding purposes.
Summary
- Michael Proctor, Executive Vice President of United Bankshares Inc. (UBSI), reported a transaction on February 20, 2026.
- Proctor disposed of 295 shares of Common Stock at a price of $44.07 per share.
- This transaction was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
- Following this transaction, Proctor directly owns 11,884.7914 shares and indirectly owns 4,593.9466 shares through a 401k.
- Proctor also holds various stock options, including 906 options at $32.51 (exercisable 02/24/2020, expiring 02/24/2030), 2,000 options at $37.60 (exercisable 02/26/2018, expiring 02/26/2028), 2,000 options at $38.49 (exercisable 02/25/2019, expiring 02/25/2029), and 1,500 options at $45.30 (exercisable 02/27/2017, expiring 02/27/2027).
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is for tax withholding purposes, which is a routine administrative transaction and not indicative of a change in sentiment towards the company's prospects.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine insider transactions, such as dispositions for tax withholding, are common across all industries and typically do not reflect a change in management's outlook on the company's fundamentals or future performance. This type of transaction is a standard part of equity compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Date exercisable for 1,500 stock options with an exercise price of $45.30, expiring 02/27/2027. |
| 02/26/2018 | Date exercisable for 2,000 stock options with an exercise price of $37.60, expiring 02/26/2028. |
| 02/25/2019 | Date exercisable for 2,000 stock options with an exercise price of $38.49, expiring 02/25/2029. |
| 02/24/2020 | Date exercisable for 906 stock options with an exercise price of $32.51, expiring 02/24/2030. |
| 02/20/2026 | Transaction date for the disposition of 295 common shares for tax withholding purposes. |
| 02/24/2026 | Signature date of the reporting person. |
Recommendation
holdThis Form 4 filing reports a routine insider transaction for tax withholding purposes and does not provide sufficient information to alter an investment recommendation. The transaction is administrative in nature and does not reflect a change in the insider's view of the company's fundamentals or future prospects. Investors should continue to hold based on broader company performance and market conditions.
Keywords
United Bankshares, UBSI, Michael Proctor, Insider Transaction, Form 4, Common Stock, Stock Options, Executive Vice President, Tax Withholding
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