Form 4: United Bankshares Director Mark Nesselroad Reports Stock Transactions

Director Mark Nesselroad of United Bankshares Inc. reported the disposal of 962 shares of common stock through gift transactions.

Summary

• Mark Nesselroad, a director at United Bankshares Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 13, 2024, he disposed of 482 shares of common stock as a gift.
• On December 16, 2024, he disposed of another 480 shares of common stock as a gift.
• Following these transactions, Mr. Nesselroad directly owns 14,141 shares of common stock.
• He also indirectly owns 18,358 shares through a corporation and 41,424 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry and is required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this filing is consistent with those requirements.
• The transactions are relatively small in the context of the overall market capitalization of United Bankshares, and are not unusual for a director.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, as they are relatively small and do not indicate a change in the director's long-term view of the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Stock Transactions, United Bankshares, UBSI, Gifts, Common Stock