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 transactions.
Summary
- Director Winter P Clinton filed a Form 4 to report changes in beneficial ownership of United Bankshares Inc/WV (UBSI).
- The report includes transactions related to phantom stock and holdings of common stock.
- As of the latest transaction, Clinton directly owns 455,166 shares of common stock.
- Clinton indirectly owns 36,800 shares through Bray & Oakley Insurance and 1,000 shares through a spouse.
- The report also details the acquisition of 736 shares of phantom stock at a price of $34.1498 per share.
- These phantom stock shares are payable in cash upon termination of employment with UBSI.
- Following the reported transactions, Clinton beneficially owns 45,723 derivative securities (phantom stock).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It allows investors to monitor the actions of key individuals within the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of Earliest Transaction and Signature Date |
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