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

Director Winter P Clinton reported acquiring common stock and phantom stock in United Bankshares, according to a Form 4 filing.

Summary

• On February 20, 2025, Director Winter P Clinton acquired 1,904 shares of common stock in United Bankshares Inc/WV at $0.00 per share due to a restricted stock grant.
• The award vests in three equal annual installments.
• Following the transaction, Clinton directly owns 457,070 shares of common stock.
• Clinton also indirectly owns 36,800 shares through Bray & Oakley Insurance and 1,000 shares through a spouse.
• On February 21, 2025, Clinton acquired 68 shares of phantom stock at a price of $36.735.
• Following the transaction, Clinton directly owns 50,324 shares of phantom stock.
• These shares are payable in cash upon termination of employment with UBSI.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine stock transactions by a company director. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The phantom stock is payable in cash following 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.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates

Keywords

Form 4, UBSI, United Bankshares, Director, Winter P Clinton, Stock Acquisition, Phantom Stock, Restricted Stock