Form 4: UBSI Executive Exercises Options, Adjusts Holdings
Insider Transaction Report
United Bankshares Executive Vice-President Ernest Douglas Bryan exercised 5,000 stock options and sold shares for tax purposes, adjusting his direct beneficial ownership.
Summary
- Ernest Douglas Bryan, Executive Vice-President of United Bankshares Inc./WV (UBSI), reported transactions on December 11, 2025.
- Exercised 5,000 stock options at an exercise price of $35.04 per share.
- Disposed of 4,690 shares of common stock at a price of $39.53 per share, likely to cover the exercise price and/or tax obligations.
- Following these transactions, direct beneficial ownership stands at 47,129.9601 shares.
- Indirect beneficial ownership includes 8,017.0485 shares through a 401k plan and 79 shares held by a spouse.
- Additional shares were acquired in the Dividend Reinvestment Plan and the UBSI 401K plan since the last report.
Sentiment
Score: 6
Explanation: The executive exercised stock options, indicating confidence, but also sold shares, likely for tax withholding, which is a routine but not inherently positive or negative event for the company's outlook.
Positives
- The exercise of 5,000 stock options indicates a positive outlook on the company's future performance by a key executive.
- The executive's direct beneficial ownership remains substantial at 47,129.9601 shares, demonstrating continued alignment with shareholder interests.
- Additional shares were acquired through the Dividend Reinvestment Plan and the UBSI 401K plan, increasing overall indirect holdings.
Negatives
- The disposition of 4,690 shares, even if for tax purposes, represents a reduction in the executive's direct holdings.
Future Outlook
This Form 4 filing primarily reports insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This insider transaction is a routine event within the financial services industry, where executive compensation often includes stock options. Such transactions are common and typically reflect an executive's personal financial planning rather than a direct signal about broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: The executive's continued significant beneficial ownership aligns his interests with those of other shareholders. The routine nature of the transaction is unlikely to have a material impact on the company's stock price or investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date exercisable for 5,000 stock options with an expiration date of 02/28/2026. |
| 02/27/2017 | Date exercisable for 7,676 stock options with an expiration date of 02/27/2027. |
| 02/26/2018 | Date exercisable for 7,676 stock options with an expiration date of 02/26/2028. |
| 02/25/2019 | Date exercisable for 5,455 stock options with an expiration date of 02/25/2029. |
| 02/24/2020 | Date exercisable for 7,295 stock options with an expiration date of 02/24/2030. |
| 02/24/2021 | Date exercisable for 3,647 stock options with an expiration date of 02/24/2030. |
| 12/11/2025 | Transaction date for the exercise of stock options and disposition of common stock. |
| 12/12/2025 | Signature date of the reporting person. |
Keywords
UBSI, United Bankshares, Form 4, insider transaction, stock options, executive compensation, beneficial ownership, financial services
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