Form 4: UBSI Executive Chairman Boosts Stake
Insider Transaction Report
Richard M. Adams Sr., Executive Chairman of United Bankshares Inc., increased his beneficial ownership through restricted stock unit grants and dividend reinvestment.
Summary
- Richard M. Adams Sr., Executive Chairman and Director of United Bankshares Inc. (UBSI), acquired 21,551 shares of common stock on February 19, 2026, through a grant of restricted stock units.
- These restricted stock units are scheduled to vest in three equal annual installments.
- Additional shares were acquired through the Dividend Reinvestment Plan for his Direct IRA (7,697.527 shares), Immediate Family (25,207.296 shares), and Wife's IRA (4,022.747 shares).
- His 401k plan also acquired additional shares, bringing the total in that account to 81,186.5135 shares.
- Following these transactions, Mr. Adams directly owns 885,050.4732 shares of common stock.
- He also holds various stock options with exercise prices ranging from $32.51 to $45.30 and expiration dates between February 2027 and February 2030.
Sentiment
Score: 8
Explanation: StockSavvy.ai views this as a strong positive signal, as the Executive Chairman's increased stake through grants and dividend reinvestment demonstrates significant confidence in United Bankshares' long-term value and performance.
Positives
- Executive Chairman Richard M. Adams Sr. increased his direct beneficial ownership by 21,551 shares through a restricted stock unit grant, signaling continued alignment with shareholder interests.
- Additional shares were acquired through dividend reinvestment plans across multiple accounts, indicating a long-term investment strategy and confidence in the company's dividend policy.
- Increased insider ownership generally suggests management's belief in the company's future prospects.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that insider acquisitions, particularly through restricted stock grants and dividend reinvestment, are common in the banking sector. These actions typically reflect management's long-term commitment and confidence in the company's stability and growth prospects, aligning executive incentives with shareholder returns.
Comparison to Industry Standards
- Insider ownership levels vary across the banking industry. While specific comparable companies are not detailed in the filing, a significant direct ownership of over 885,000 shares, coupled with substantial indirect holdings, suggests a high level of personal investment by the Executive Chairman in UBSI, which is generally viewed favorably compared to industry peers where insider ownership might be lower.
Related Party Transactions
- The acquisition of shares by the Executive Chairman, including those for immediate family and wife's IRA, represents standard compensation and investment activities for an insider.
Stakeholder Impact
- Shareholders: Potentially positive, as increased insider ownership aligns management's interests with shareholders and signals confidence.
Next Steps
- The restricted stock units granted on February 19, 2026, will vest in three equal annual installments.
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. |
| 02/24/2021 | Date exercisable for stock options with an exercise price of $32.51 and an expiration date of 02/24/2030. |
| 02/19/2026 | Transaction date for the acquisition of 21,551 common shares via restricted stock unit grant and deemed execution date. |
| 02/20/2026 | Signature date of the reporting person. |
| 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
buyThe Executive Chairman's significant increase in beneficial ownership through restricted stock unit grants and dividend reinvestment plans signals strong insider confidence in United Bankshares Inc.'s future prospects and long-term value. This aligns management's interests with shareholders and typically precedes positive performance, making it a favorable indicator for potential investors.
Keywords
United Bankshares, UBSI, Richard M. Adams Sr., insider ownership, restricted stock units, dividend reinvestment, executive chairman, stock options, Form 4, beneficial ownership, corporate governance
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.