Form 4: UBSI Executive Sells Shares for Tax Obligations
Insider Transaction Report
United Bankshares Executive Vice President William Mark Tatterson disposed of 2,069 shares of common stock to cover tax withholding obligations.
Summary
- William Mark Tatterson, Executive Vice President of United Bankshares Inc./WV (UBSI), reported a transaction on February 20, 2026.
- The transaction involved the disposition of 2,069 shares of Common Stock to the issuer to satisfy tax withholding obligations (Transaction Code F).
- The shares were disposed of at a price of $44.07 per share.
- Following this transaction, Mr. Tatterson beneficially owns 97,760.9963 shares directly, 9,224.1173 shares indirectly through a 401k, and 89.5771 shares indirectly by his spouse.
- Mr. Tatterson 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: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale of shares is for tax withholding purposes, a common and often pre-planned transaction, rather than a discretionary sale reflecting a change in sentiment.
Positives
- The transaction is a standard procedure for satisfying tax withholding obligations related to executive compensation, indicating a routine event rather than a discretionary sale.
- Mr. Tatterson maintains significant direct and indirect beneficial ownership in United Bankshares, demonstrating continued alignment with shareholder interests.
Negatives
- The disposition of 2,069 shares reduces Mr. Tatterson's direct beneficial ownership, although this is for a non-discretionary tax purpose.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock movements. This specific transaction, being a disposition for tax withholding, is a common occurrence and not indicative of a change in management's outlook on the company's prospects.
Related Party Transactions
- The disposition of shares to the issuer to satisfy tax withholding obligations is a transaction between the executive and the company, which is a common practice related to executive compensation.
Stakeholder Impact
- Shareholders may note a slight reduction in the executive's direct shareholdings, but the stated reason (tax withholding) typically mitigates concerns about insider sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Date exercisable for 12,453 stock options with an exercise price of $45.30. |
| 02/26/2018 | Date exercisable for 12,453 stock options with an exercise price of $37.60. |
| 02/25/2019 | Date exercisable for 9,290 stock options with an exercise price of $38.49. |
| 02/24/2020 | Date exercisable for 11,809 stock options with an exercise price of $32.51. |
| 02/24/2021 | Date exercisable for 5,905 stock options with an exercise price of $32.51. |
| 02/27/2027 | Expiration date for 12,453 stock options with an exercise price of $45.30. |
| 02/26/2028 | Expiration date for 12,453 stock options with an exercise price of $37.60. |
| 02/25/2029 | Expiration date for 9,290 stock options with an exercise price of $38.49. |
| 02/24/2030 | Expiration date for 5,905 stock options with an exercise price of $32.51 and 11,809 stock options with an exercise price of $32.51. |
| 02/20/2026 | Transaction date for the disposition of common stock. |
| 02/24/2026 | Signature date of the reporting person. |
Recommendation
holdThe transaction is a routine disposition of shares to cover tax withholding obligations, which is a common practice and does not reflect a discretionary sale or a change in the executive's long-term view of the company. Therefore, it does not provide a basis for altering an existing investment recommendation.
Keywords
United Bankshares, UBSI, Form 4, Insider Transaction, Executive Stock Sale, Tax Withholding, Common Stock, Stock Options, William Mark Tatterson
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