Form 4: UBSI Executive Chairman Sells Shares for Tax

United Bankshares Executive Chairman Richard M. Adams Sr. reported a disposition of 3,865 common shares for tax liability purposes.

Summary

• Richard M. Adams Sr., Executive Chairman and Director of United Bankshares Inc./WV (UBSI), reported an insider transaction.
• On February 20, 2026, Adams disposed of 3,865 shares of UBSI common stock.
• The transaction was coded 'F', indicating the shares were withheld for the payment of tax liability incident to the vesting of a security.
• The price per share for the disposition was $44.07.
• Following this transaction, Adams directly owns 881,185.4732 shares of common stock.
• Additional beneficial ownership includes 7,697.527 shares in a Direct IRA, 81,186.5135 shares indirectly by 401k, 1,400 shares indirectly by a Corporation, 25,207.296 shares indirectly by Immediate Family, and 4,022.747 shares indirectly by Wife-IRA.
• Adams also holds various stock options, including 44,083 options exercisable at $32.51 expiring 02/24/2030, 22,041 options at $32.51 expiring 02/24/2030, 49,519 options at $37.60 expiring 02/26/2028, 33,910 options at $38.49 expiring 02/25/2029, and 49,519 options at $45.30 expiring 02/27/2027.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While it's a disposition, it's for tax purposes, not a discretionary sale, and the insider retains substantial holdings, indicating continued confidence.

Positives

• The disposition of shares was for tax liability, not a discretionary sale, indicating no change in investment sentiment from the Executive Chairman.
• Richard M. Adams Sr. retains a substantial direct beneficial ownership of 881,185.4732 shares and significant indirect holdings, demonstrating continued alignment with shareholder interests.
• The Executive Chairman holds a significant number of in-the-money stock options, indicating potential future share acquisition and continued incentive alignment.

Negatives

• A reduction in direct share ownership, albeit for tax purposes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding, are common occurrences in the financial industry and typically do not signal a shift in broader industry trends or competitive landscape. Such transactions are routine for executives receiving equity compensation.

Comparison to Industry Standards

• This filing reports a standard insider transaction for tax purposes. It does not provide financial results or operational data that would allow for a direct comparison to industry benchmarks or specific comparable companies like JPMorgan Chase, Bank of America, or Wells Fargo. The transaction itself is a common practice for executives in publicly traded companies across all sectors.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine tax-related disposition and the insider retains significant ownership.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific insider transaction.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares for tax purposes by a key executive. It does not signal a change in the company's fundamentals or the executive's long-term outlook. Given the nature of the transaction and the executive's continued substantial ownership, there is no basis to alter an existing 'hold' recommendation based solely on this filing.

Keywords

United Bankshares Inc., UBSI, Richard M. Adams Sr., Insider transaction, Form 4, Common Stock, Executive Chairman, Stock options, Beneficial ownership, Tax liability