Form 4: UBSI EVP Tatterson Reports Equity Vesting & Sales

United Bankshares Executive Vice President William Mark Tatterson reported the vesting of performance-based restricted stock units and subsequent share dispositions for tax purposes.

Summary

• Executive Vice President William Mark Tatterson acquired 9,250 shares of United Bankshares Inc. common stock on February 23, 2026, through the vesting of performance-based restricted stock units (RSUs).
• These RSUs were granted in February 2023 and vested upon the achievement of performance goals in February 2026.
• Tatterson also disposed of a total of 7,414 shares of common stock (1,887 on February 22, 2026; 1,329 and 4,198 on February 23, 2026) at a price of $44.28 per share, likely for tax withholding related to the RSU vesting.
• Following these transactions, Tatterson directly beneficially owns 99,596.9963 shares of common stock.
• Indirect beneficial ownership includes 9,224.1173 shares via a 401k and 89.5771 shares by his wife.
• Tatterson holds various stock options, including 5,905 options exercisable at $32.51, 12,453 at $37.60, 9,290 at $38.49, 12,453 at $45.30, and 11,809 at $32.51.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the achievement of performance goals leading to RSU vesting for an executive, which aligns management incentives with shareholder interests. The subsequent sales are standard for tax purposes.

Positives

• Vesting of 9,250 performance-based restricted stock units indicates the achievement of company performance goals.
• The Executive Vice President's direct beneficial ownership increased by a net of 1,836 shares (9,250 acquired 7,414 disposed) from these transactions, demonstrating continued equity alignment.

Negatives

• Disposition of 7,414 shares, although likely for tax purposes, reduces the direct equity holding.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, such as the vesting of restricted stock units and subsequent tax-related sales, are common occurrences in executive compensation structures within the banking industry. While these transactions provide insight into executive equity holdings, they typically do not signal a change in strategic direction or financial health, especially when tied to pre-scheduled vesting events and tax obligations.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and equity ownership, indicating management's continued alignment with company performance through equity incentives.
• Employees: Reflects the company's compensation structure for executives, potentially influencing broader employee incentive programs.

Key Dates

Keywords

United Bankshares, UBSI, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Options, Beneficial Ownership, William Mark Tatterson