Form 4: UBSI EVP Proctor Reports Routine Stock Dispositions

United Bankshares Executive Vice President Michael Proctor reported the disposition of 545 shares of common stock for tax purposes under a 10b5-1 plan.

Summary

• Michael Proctor, Executive Vice President of United Bankshares Inc./WV (UBSI), reported changes in his beneficial ownership.
• On February 22, 2026, Proctor disposed of 296 shares of common stock at a price of $44.28 per share.
• On February 23, 2026, Proctor disposed of an additional 249 shares of common stock at a price of $44.28 per share.
• These dispositions, totaling 545 shares, were made to cover tax liabilities, indicated by Transaction Code 'F'.
• Following these transactions, Proctor directly owns 11,339.7914 shares of common stock and indirectly owns 4,593.9466 shares through a 401k.
• Proctor also holds various stock options, including 906 options at $32.51, 2,000 options at $37.60, 2,000 options at $38.49, and 1,500 options at $45.30.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares for tax purposes under a 10b5-1 plan is a routine insider transaction and does not typically indicate a change in the company's prospects or the insider's confidence.

Positives

• The transactions were executed under a Rule 10b5-1(c) plan, indicating pre-planned sales and not necessarily a change in sentiment or reaction to new information.

Negatives

• An Executive Vice President disposed of shares, which, while for tax purposes, represents a reduction in direct insider holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those for tax purposes under a 10b5-1 plan, are common and generally do not signal a significant shift in company fundamentals or management's long-term outlook. These types of dispositions are often routine for executives managing their equity compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine tax-related dispositions by an executive, pre-planned under a 10b5-1 plan.

Key Dates

Recommendation

The filing details routine insider transactions for tax purposes under a pre-arranged 10b5-1 plan. Such transactions are generally not indicative of a change in the company's fundamental value or future prospects, and therefore, do not warrant a change in investment recommendation based solely on this filing. A 'hold' recommendation is appropriate as this filing provides no new material information to alter an existing investment thesis.

Keywords

United Bankshares, UBSI, Michael Proctor, Insider Trading, Form 4, Stock Disposition, Executive Vice President, Beneficial Ownership, Stock Options, 10b5-1 Plan