Form 4: UBSI Executive Sells Shares for Tax Obligations
Insider Transaction Report
United Bankshares Executive Vice-President Darren K. Williams reported a disposition of 922 common shares for tax purposes.
Summary
- Darren K. Williams, Executive Vice-President of United Bankshares Inc./WV (UBSI), reported a transaction involving the disposition of 922 shares of UBSI Common Stock.
- The shares were disposed of at a price of $44.07 per share on February 20, 2026, with a deemed execution date on the same day.
- This disposition is indicated by transaction code 'F', which typically represents shares withheld for tax purposes upon the vesting of restricted stock or exercise of options.
- Following this transaction, Mr. Williams directly owns 44,905 shares of Common Stock.
- Indirect beneficial ownership includes 2,208 shares held in an IRA and 5,084.7381 shares held in a 401k.
- Mr. Williams also holds various stock options with exercise prices ranging from $32.51 to $45.30 and expiration dates between 2027 and 2030, totaling 31,494 underlying shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the disposition of shares for tax withholding (Code F) is a standard and expected part of executive compensation, not reflecting a change in the company's operational performance or the executive's confidence.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock movements. A disposition coded 'F' is typically for tax withholding, which is a routine event and not indicative of a change in management's view on the company's prospects.
Comparison to Industry Standards
- Form 4 filings are standard regulatory disclosures across all publicly traded companies in the U.S. for insider transactions.
- The disclosure adheres to SEC requirements, similar to executives at peer financial institutions like Truist Financial (TFC) or PNC Financial Services (PNC) who also file Form 4s for similar compensation-related transactions.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, compensation-related transaction by an executive, not a sale driven by a change in company outlook.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Implied grant date for stock options with $45.30 exercise price |
| 02/26/2018 | Implied grant date for stock options with $37.60 exercise price |
| 02/25/2019 | Implied grant date for stock options with $38.49 exercise price |
| 02/24/2020 | Implied grant date for stock options with $32.51 exercise price (7,246 shares) |
| 02/24/2021 | Implied grant date for stock options with $32.51 exercise price (3,623 shares) |
| 02/20/2026 | Transaction date for common stock disposition |
| 02/24/2026 | Signature date of the reporting person |
| 02/27/2027 | Expiration date for stock options with $45.30 exercise price |
| 02/26/2028 | Expiration date for stock options with $37.60 exercise price |
| 02/25/2029 | Expiration date for stock options with $38.49 exercise price |
| 02/24/2030 | Expiration date for stock options with $32.51 exercise price |
Recommendation
holdThe Form 4 filing details a routine disposition of shares by an executive for tax withholding purposes, which is a common occurrence with equity compensation. This transaction does not reflect a change in the company's underlying business performance or the executive's long-term view, thus it provides no new information to warrant a change from a 'hold' recommendation.
Keywords
United Bankshares, UBSI, Darren K. Williams, Insider Trading, Form 4, Stock Disposition, Executive Compensation, Bank Stock, Financial Services
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