Form 4: United Bankshares Director Winter P Clinton Reports Beneficial Ownership Changes
SEC Form 4
Director Winter P Clinton reports changes in beneficial ownership of United Bankshares Inc/WV (UBSI) common stock and phantom stock.
Summary
- On May 16, 2025, Director Winter P Clinton filed a Form 4 detailing changes in beneficial ownership of United Bankshares Inc/WV (UBSI).
- The report indicates direct ownership of 457,070 shares of common stock.
- Clinton also has indirect ownership of 36,800 shares through Bray & Oakley Insurance and 1,000 shares held by a spouse.
- Additionally, Clinton acquired 679 shares of phantom stock at a price of $37.199, bringing the total phantom stock holdings to 52,409 shares.
- These phantom stock shares are payable in cash upon termination of employment with UBSI.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their holdings and transactions in the company's securities. It allows investors to monitor the actions of key individuals within the company.
Stakeholder Impact
- Shareholders can use this information to understand the investment behavior of a key company insider.
- The filing provides transparency to the market regarding the director's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of the transaction and filing of the Form 4. |
| 05/19/2025 | Date of signature on the report. |
Keywords
beneficial ownership, Form 4, UBSI, United Bankshares, phantom stock, director, Winter P Clinton, securities
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