Form 4: United Bankshares Director Reports Stock Transactions

United Bankshares Director Clinton Winter reported transactions involving common stock and phantom stock.

Summary

• Clinton Winter, a Director at United Bankshares Inc./WV (UBSI), reported transactions on June 1, 2026.
• The transactions involved common stock and phantom stock.
• Winter directly owns 458,658 shares of common stock.
• Additionally, Winter indirectly owns 36,800 shares of common stock through Bray & Oakley Insurance and 1,000 shares through his spouse.
• Phantom stock awards totaling 57,999 units were also reported, which are payable in cash upon termination of employment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents routine disclosure of insider stock transactions and does not indicate significant positive or negative shifts in the director's holdings or the company's outlook.

Positives

• Director Clinton Winter maintains a significant direct beneficial ownership of 458,658 shares of common stock.
• The company has a phantom stock plan that provides for cash payment upon termination of employment, offering a form of deferred compensation to key personnel.

Risks

• The indirect ownership of shares through an insurance company (Bray & Oakley Insurance) could introduce complexities in beneficial ownership reporting or potential conflicts of interest, though not explicitly stated as a risk in the filing.
• The phantom stock is payable in cash upon termination, meaning the value realized by the reporting person is subject to the company's financial health at that future date.

Future Outlook

The filing does not contain forward-looking statements or guidance. It reports on past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. These filings are crucial for investors seeking to understand insider sentiment and potential shifts in beneficial ownership within publicly traded companies.

Stakeholder Impact

• Shareholders: The filing provides transparency into director holdings, which can inform investor sentiment. The indirect ownership through an insurance company and the phantom stock plan are noted.
• Employees: The phantom stock plan represents a form of incentive and deferred compensation for employees, including potentially the reporting person if they are also an employee.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Beneficial Ownership, United Bankshares, UBSI, Director, Common Stock, Phantom Stock, Stock Transaction