Form 4: United Bankshares Director Winter P Clinton Reports Acquisition of Phantom Stock

Director Winter P Clinton reports acquisition of phantom stock in United Bankshares, along with holdings of common stock both directly and indirectly.

Summary

• Winter P Clinton, a director of United Bankshares Inc/WV (UBSI), filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of 784 shares of phantom stock at a price of $35.265 on February 26, 2025.
• Clinton directly owns 457,070 shares of common stock.
• Clinton indirectly owns 36,800 shares of common stock through Bray & Oakley Insurance and 1,000 shares through a spouse.
• Clinton also holds 51,108 derivative securities in the form of phantom stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting a transaction. There is no inherent positive or negative implication.

Future Outlook

The phantom stock is payable in cash upon the reporting person's termination of employment with UBSI.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The acquisition of phantom stock may align the director's interests with those of the shareholders.

Key Dates