Form 4: UBSI Executive Sells Shares Under 10b5-1 Plan
Insider Transaction Report
An Executive Vice President at United Bankshares Inc. disposed of common stock shares in late February 2026, pursuant to a pre-arranged trading plan.
Summary
- Julie R. Gurtis, Executive Vice President of United Bankshares Inc. (UBSI), reported changes in her beneficial ownership of common stock.
- On February 22, 2026, Gurtis disposed of 996 shares of common stock at a price of $44.28 per share.
- On February 23, 2026, an additional 898 shares of common stock were disposed of at the same price of $44.28 per share.
- These transactions were conducted under transaction code 'F', indicating shares were withheld for tax purposes incident to the receipt, exercise, or vesting of a security.
- The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Following these transactions, Gurtis directly beneficially owns 29,601 shares of common stock.
- Indirect beneficial ownership includes 13,733.292 shares via a 401k, 900 shares by spouse as POA for a family member, and 1,364 shares by spouse's IRA.
- Gurtis also holds various stock options with exercise prices ranging from $32.51 to $45.30, expiring between February 2027 and February 2030.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine disclosure of an executive's share disposition, likely for tax purposes, and does not indicate a change in company fundamentals or executive sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard regulatory disclosures for insider transactions, common across all publicly traded companies, particularly in the financial services sector where executive compensation often includes equity components. Transactions coded 'F' are routine and typically relate to tax withholding upon vesting or exercise of equity awards.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | The transactions were executed under a Rule 10b5-1(c) plan, which allows insiders to pre-arrange trades to avoid accusations of trading on material non-public information. | N/A | This demonstrates adherence to corporate governance best practices regarding insider trading, providing transparency and mitigating potential conflicts of interest. |
Stakeholder Impact
- Shareholders: Minimal impact, as these are routine transactions for tax purposes and do not signal a change in company fundamentals or executive confidence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Stock Option Date Exercisable for 3,200 shares at $45.30 |
| 02/26/2018 | Stock Option Date Exercisable for 3,200 shares at $37.60 |
| 02/25/2019 | Stock Option Date Exercisable for 3,200 shares at $38.49 |
| 02/24/2020 | Stock Option Date Exercisable for 1,453 shares at $32.51 |
| 02/22/2026 | Transaction Date: Disposition of 996 shares of Common Stock |
| 02/23/2026 | Transaction Date: Disposition of 898 shares of Common Stock |
| 02/25/2026 | Signature Date of Reporting Person |
| 02/27/2027 | Stock Option Expiration Date for 3,200 shares |
| 02/26/2028 | Stock Option Expiration Date for 3,200 shares |
| 02/25/2029 | Stock Option Expiration Date for 3,200 shares |
| 02/24/2030 | Stock Option Expiration Date for 1,453 shares |
Recommendation
holdThe filing details routine insider share dispositions, likely for tax purposes, under a pre-arranged 10b5-1 plan. This type of transaction does not typically signal a change in the company's fundamental outlook or warrant a shift in investment strategy, thus a 'hold' recommendation is appropriate.
Keywords
United Bankshares, UBSI, Form 4, Insider Trading, Stock Sale, Executive Compensation, 10b5-1 Plan, Common Stock, Stock Options
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