Form 4: United Bankshares Executive Vice President Anna J Schultheis Reports Stock Disposals
SEC Form 4 Filing
Anna J Schultheis, an Executive Vice President at United Bankshares, reported the disposal of common stock to cover tax obligations, while maintaining beneficial ownership of shares and stock options.
Summary
- On February 22 and 23, 2025, Anna J Schultheis, an Executive Vice President of United Bankshares Inc., reported disposing of common stock.
- These transactions were related to tax obligations.
- The disposals occurred at a price of $35.53 per share.
- After the reported transactions, Schultheis directly owns 10,385.127 shares of common stock.
- She also indirectly owns 11,571.4852 shares through a 401k and 1,201.951 shares indirectly through a spouse.
- Schultheis also holds various stock options with exercise prices ranging from $32.51 to $45.30 and expiration dates between 2026 and 2030.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a common and expected practice.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. These filings are closely watched by investors seeking insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Stock option grant with exercise price $35.04, expiring 03/01/2026 |
| 02/27/2017 | Stock option grant with exercise price $45.3, expiring 02/27/2027 |
| 02/26/2018 | Stock option grant with exercise price $37.6, expiring 02/26/2028 |
| 02/25/2019 | Stock option grant with exercise price $38.49, expiring 02/25/2029 |
| 02/24/2020 | Stock option grant with exercise price $32.51, expiring 02/24/2030 |
| 02/22/2025 | Disposal of 135 shares of common stock at $35.53 |
| 02/22/2025 | Disposal of 354 shares of common stock at $35.53 |
| 02/23/2025 | Disposal of 217 shares of common stock at $35.53 |
| 02/25/2025 | Signature date of the Form 4 filing |
| 03/01/2026 | Expiration date of stock options granted on 02/29/2016 |
| 02/27/2027 | Expiration date of stock options granted on 02/27/2017 |
| 02/26/2028 | Expiration date of stock options granted on 02/26/2018 |
| 02/25/2029 | Expiration date of stock options granted on 02/25/2019 |
| 02/24/2030 | Expiration date of stock options granted on 02/24/2020 |
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