Form 4: UBSI Executive Exercises Options, Adjusts Holdings
Insider Transaction Report
A United Bankshares Executive Vice President exercised stock options and adjusted common stock holdings, reflecting a routine insider transaction.
Summary
- Julie R Gurtis, Executive Vice President of UNITED BANKSHARES INC/WV (UBSI), exercised 3,200 stock options on December 11, 2025, at an exercise price of $35.04 per share.
- Following the option exercise, 2,976 shares of Common Stock were disposed of on the same date at a price of $39.53 per share, likely for tax withholding purposes.
- After these transactions, Ms. Gurtis directly beneficially owns 29,421 shares of Common Stock.
- Indirect beneficial ownership includes 13,466.2128 shares through a 401k plan, 900 shares by spouse as Power of Attorney for a family member, and 1,364 shares by spouse's IRA.
- Ms. Gurtis retains beneficial ownership of additional stock options: 1,453 options at $32.51 (expiring 02/24/2030), 3,200 options at $37.60 (expiring 02/26/2028), 3,200 options at $38.49 (expiring 02/25/2029), and 3,200 options at $45.30 (expiring 02/27/2027).
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (option exercise and sell-to-cover) which is neutral in sentiment. It does not indicate significant positive or negative developments for the company.
Positives
- The exercise of stock options by an executive can signal confidence in the company's future performance or a desire to realize value from previously granted equity awards.
Negatives
- The disposition of 2,976 shares reduces the executive's direct common stock holdings, although this is a common practice for tax withholding related to option exercises.
Future Outlook
This filing, an SEC Form 4, details an insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This insider transaction is a routine event for publicly traded companies, reflecting an executive's exercise of previously granted equity compensation. It does not inherently provide insights into broader industry trends or competitive positioning within the banking sector.
Stakeholder Impact
- Shareholders: This routine insider transaction has minimal direct impact on shareholders, as it reflects standard executive compensation practices rather than a strategic shift or significant change in company fundamentals.
- Employees: No direct impact on employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date exercisable for the stock option that was exercised. |
| 02/27/2017 | Date exercisable for 3,200 stock options with an exercise price of $45.30, expiring 02/27/2027. |
| 02/26/2018 | Date exercisable for 3,200 stock options with an exercise price of $37.60, expiring 02/26/2028. |
| 02/25/2019 | Date exercisable for 3,200 stock options with an exercise price of $38.49, expiring 02/25/2029. |
| 02/24/2020 | Date exercisable for 1,453 stock options with an exercise price of $32.51, expiring 02/24/2030. |
| 03/01/2026 | Expiration date for the exercised stock option. |
| 12/11/2025 | Transaction date for the exercise of stock options and disposition of common stock. |
| 12/12/2025 | Filing date of the Statement of Changes in Beneficial Ownership. |
Keywords
UNITED BANKSHARES, UBSI, Insider Trading, Stock Options, Executive Compensation, Form 4
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