Form 4: United Bankshares Director Sells 2,500 Shares

J Paul McNamara, a director at United Bankshares Inc, sold 2,500 shares of common stock on November 26, 2024.

Summary

• J Paul McNamara, a director of United Bankshares Inc, sold 2,500 shares of the company's common stock on November 26, 2024.
• The sale was executed at a price of $42.8586 per share.
• Following the transaction, McNamara directly owns 63,408.913 shares of common stock.
• McNamara also has indirect ownership of 1,329.15 shares through a Direct IRA, 4,025 shares through a Family Trust, and 11,800 shares through a Trust-Ayers.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is common in the financial industry. Such transactions are closely monitored by regulators and investors for potential insider trading issues.

Comparison to Industry Standards

• Director stock sales are a common occurrence in publicly traded companies, and this transaction is within the normal range of such activities.
• Similar transactions are regularly reported by directors and officers of other financial institutions, such as Bank of America (BAC) and JPMorgan Chase (JPM).

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the company's overall performance or valuation.

Key Dates

Keywords

insider trading, stock sale, director, UBSI, United Bankshares Inc, common stock