Form 4: UBSI EVP Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report 25 February 2026 4:48 PM

📋All filings for United Bankshares Inc/wv

United Bankshares EVP Henry M. Kayes Jr. reported the disposition of common stock primarily for tax withholding purposes.

Summary

Henry M. Kayes Jr., Executive Vice President of United Bankshares Inc./WV (UBSI), reported transactions involving the company's common stock.
On February 22, 2026, Mr. Kayes disposed of 737 shares of common stock at a price of $44.28 per share, likely for tax withholding.
On February 23, 2026, an additional 413 shares of common stock were disposed of at the same price of $44.28 per share, also likely for tax withholding.
Following these transactions, Mr. Kayes directly beneficially owns 37,579.636 shares of common stock.
Indirect beneficial ownership includes 3,145.439 shares via a 401k, 788 shares by immediate family, and 206.022 shares by his wife's IRA.
Mr. Kayes also holds several stock options with various exercise prices and expiration dates, totaling 10,689 underlying common shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While there was a disposition of shares, it appears to be for tax withholding, a routine event. The executive retains substantial direct and indirect holdings, along with significant stock options, indicating continued alignment with the company's long-term performance.

Positives

The Executive Vice President retains a substantial direct beneficial ownership of 37,579.636 common shares, demonstrating continued alignment with shareholder interests.
Significant indirect holdings through a 401k, immediate family, and a wife's IRA further indicate a vested interest in the company's performance.
The executive holds a considerable number of stock options (10,689 shares), some of which are in-the-money based on the reported transaction price of $44.28, providing potential future upside.

Negatives

The disposition of 1,150 shares of common stock, even if for tax purposes, represents a reduction in direct ownership by the Executive Vice President.

Future Outlook

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 are specific to individual executive holdings and do not typically provide broader industry context or trends. These transactions are routine disclosures required by the SEC.

Stakeholder Impact

Shareholders: The disposition of shares for tax purposes is a routine event and generally has minimal direct impact on shareholders. The executive's continued significant holdings suggest ongoing commitment.
Employees: No direct impact on employees is indicated by this filing.

Key Dates

Date	Description
02/27/2017	Date exercisable for stock options with an exercise price of $45.30 and an expiration date of 02/27/2027.
02/26/2018	Date exercisable for stock options with an exercise price of $37.60 and an expiration date of 02/26/2028.
02/25/2019	Date exercisable for stock options with an exercise price of $38.49 and an expiration date of 02/25/2029.
02/24/2020	Date exercisable for stock options with an exercise price of $32.51 and an expiration date of 02/24/2030.
02/22/2026	Transaction date for the disposition of 737 shares of common stock.
02/23/2026	Transaction date for the disposition of 413 shares of common stock.
02/25/2026	Signature date of the reporting person's representative.
02/27/2027	Expiration date for stock options with an exercise price of $45.30.
02/26/2028	Expiration date for stock options with an exercise price of $37.60.
02/25/2029	Expiration date for stock options with an exercise price of $38.49.
02/24/2030	Expiration date for stock options with an exercise price of $32.51.

Recommendation

hold

This Form 4 filing details routine insider transactions, specifically the disposition of shares for tax withholding purposes. It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The executive maintains substantial ownership, which is a positive, but the transaction itself is not a strong signal for buying or selling.

Keywords

United Bankshares, UBSI, Henry M. Kayes Jr., EVP, Insider Trading, Form 4, Common Stock, Stock Options, Beneficial Ownership, Tax Withholding

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