Form 4: United Bankshares Director Winter P Clinton Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Winter P Clinton reports changes in beneficial ownership of United Bankshares Inc/WV, including phantom stock acquisition.
Summary
- Director Winter P Clinton filed a Form 4 with the SEC regarding changes in beneficial ownership of United Bankshares Inc/WV (UBSI).
- The report indicates that Clinton acquired 201 shares of phantom stock on August 1, 2024, at a price of $37.0861 per share.
- Clinton directly owns 455,166 shares of UBSI common stock.
- Clinton indirectly owns 36,800 shares through Bray & Oakley Insurance and 1,000 shares through a spouse.
- Following the reported transaction, Clinton directly owns 47,777 derivative securities (phantom stock).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of the company's stock and derivative securities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Acquisition of phantom stock. |
| 08/01/2024 | Date of signature of the report. |
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