Form 4: UBSI Executive Sells Shares for Tax Obligation

United Bankshares Executive Vice President Anna J. Schultheis reported a disposition of 353 common shares to cover tax liabilities, effective February 20, 2026.

Summary

• Anna J. Schultheis, Executive Vice President of United Bankshares Inc./WV (UBSI), reported a change in beneficial ownership.
• The transaction involved the disposition of 353 shares of UBSI Common Stock on February 20, 2026.
• The shares were disposed of at a price of $44.07 per share.
• The transaction code 'F' indicates that the shares were withheld to cover tax liabilities incident to the vesting of a restricted stock award or the exercise of a stock option.
• Following the transaction, Ms. Schultheis directly beneficially owns 12,221.5687 shares of Common Stock.
• Indirect beneficial ownership includes 13,199.9533 shares via a 401k and 1,228.951 shares indirectly by her spouse.
• Ms. Schultheis also holds various stock options, including 793 options at $32.51 (expiring 02/24/2030), 1,750 options at $37.60 (expiring 02/26/2028), 1,750 options at $38.49 (expiring 02/25/2029), and 1,750 options at $45.30 (expiring 02/27/2027).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares is for tax purposes, a common practice for executives. The executive retains substantial direct and indirect ownership, indicating continued alignment with shareholder interests.

Positives

• Executive Anna J. Schultheis maintains substantial direct and indirect beneficial ownership of United Bankshares common stock, totaling 26,649.483 shares after the transaction.
• The executive holds multiple stock options, indicating long-term incentive alignment with shareholder interests and a vested interest in the company's future performance.

Negatives

• Executive Anna J. Schultheis disposed of 353 shares of common stock, reducing her direct ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales for tax purposes, are common in the banking sector as executives often receive equity compensation. This specific transaction is routine and does not indicate a change in the company's fundamental outlook or the executive's confidence, especially given the significant remaining holdings.

Comparison to Industry Standards

• This is a standard Form 4 filing for an executive disposing of shares for tax purposes. Such transactions are common across the financial services industry, including peers like Truist Financial Corporation (TFC) or PNC Financial Services Group (PNC), where executives frequently manage equity compensation through similar tax-related sales.
• The volume of shares disposed (353) is relatively small compared to the executive's total beneficial ownership (26,649.483 shares), which is typical for tax-related transactions and does not suggest a change in investment sentiment.

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a routine tax-related sale by an executive, not indicative of a change in company fundamentals or executive confidence.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an executive to cover tax obligations, which is a common occurrence and not indicative of a change in the company's fundamental performance or the executive's long-term outlook. The executive retains significant beneficial ownership, suggesting continued alignment with shareholder interests. Therefore, a "hold" recommendation is appropriate as this filing alone does not present new information warranting a change in investment thesis.

Keywords

UBSI, United Bankshares, Form 4, insider trading, beneficial ownership, stock options, executive compensation, financial services, banking