Form 4: United Bankshares EVP Reports Routine Stock Dispositions
Insider Transaction Report
United Bankshares Executive Vice President Charles J. Mildren reported the disposition of common stock shares for tax purposes.
Summary
- Charles J. Mildren, Executive Vice President of United Bankshares Inc./WV (UBSI), reported transactions involving the company's common stock.
- On February 22, 2026, Mildren disposed of 332 shares of common stock at a price of $44.28 per share.
- On February 23, 2026, an additional 280 shares of common stock were disposed of at the same price of $44.28 per share.
- These dispositions, totaling 612 shares, were coded as 'F', indicating payment of exercise price or tax liability by delivering or withholding securities.
- Following these transactions, Mildren directly beneficially owns 20,866.541 shares of common stock.
- Indirect beneficial ownership includes 7,174.8355 shares via a 401k and 652.369 shares by immediate family.
- Mildren also holds several stock options, which remain unchanged: 1,453 options at $32.51, 3,200 options at $37.60, 3,200 options at $38.49, and 3,200 options at $45.30.
- The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports routine, non-discretionary insider transactions for tax purposes, which do not typically signal a change in company fundamentals or management sentiment.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. These specific dispositions, marked with transaction code 'F' and executed under a Rule 10b5-1 plan, are typically routine events related to tax withholding upon the vesting or exercise of equity awards, rather than discretionary sales reflecting a change in management's outlook on the company.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine tax-related dispositions by an executive, not indicative of a change in investment sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Date exercisable for 3,200 stock options with an exercise price of $45.30. |
| 02/26/2018 | Date exercisable for 3,200 stock options with an exercise price of $37.60. |
| 02/25/2019 | Date exercisable for 3,200 stock options with an exercise price of $38.49. |
| 02/24/2020 | Date exercisable for 1,453 stock options with an exercise price of $32.51. |
| 02/22/2026 | Transaction date for the disposition of 332 shares of common stock. |
| 02/23/2026 | Transaction date for the disposition of 280 shares of common stock. |
| 02/25/2026 | Signature date of the reporting person. |
| 02/27/2027 | Expiration date for 3,200 stock options with an exercise price of $45.30. |
| 02/26/2028 | Expiration date for 3,200 stock options with an exercise price of $37.60. |
| 02/25/2029 | Expiration date for 3,200 stock options with an exercise price of $38.49. |
| 02/24/2030 | Expiration date for 1,453 stock options with an exercise price of $32.51. |
Recommendation
holdThe filing details routine, non-discretionary dispositions of common stock by an executive for tax purposes, executed under a pre-arranged 10b5-1 plan. Such transactions do not typically reflect a change in the executive's view of the company's prospects or fundamental value. Therefore, a seasoned investor would likely maintain their current position, as this filing provides no new information to warrant a change in investment strategy.
Keywords
United Bankshares, UBSI, Form 4, Insider Transaction, Stock Disposition, Executive Vice President, Common Stock, Rule 10b5-1
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