Form 4: United Bankshares Executive Vice President Charles J. Mildren Reports Stock Transactions
SEC Form 4
Executive Vice President Charles J. Mildren of United Bankshares Inc/WV (UBSI) reported the disposition of common stock to cover tax obligations related to stock options.
Summary
- On February 23, 2024, Charles J. Mildren, an Executive Vice President at United Bankshares Inc/WV (UBSI), disposed of 309 shares of common stock at a price of $34.36 per share to cover tax obligations.
- Following this transaction, Mildren directly owns 17,309.39 shares of UBSI common stock.
- On February 24, 2024, Mildren disposed of 164 shares of common stock at a price of $34.42 per share to cover tax obligations.
- Mildren also indirectly owns 5,659.6997 shares through a 401k and 605.977 shares through immediate family.
- Mildren holds multiple stock options with varying exercise prices and expiration dates, exercisable for a total of 17,453 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/23/2015 | Date exercisable for stock option with a price of $36.92, expiring on 02/23/2025. |
| 02/29/2016 | Date exercisable for stock option with a price of $35.04, expiring on 03/01/2026. |
| 02/27/2017 | Date exercisable for stock option with a price of $45.3, expiring on 02/27/2027. |
| 02/26/2018 | Date exercisable for stock option with a price of $37.6, expiring on 02/26/2028. |
| 02/25/2019 | Date exercisable for stock option with a price of $38.49, expiring on 02/25/2029. |
| 02/24/2020 | Date exercisable for stock option with a price of $32.51, expiring on 02/24/2030. |
| 02/23/2024 | Date of transaction where 309 shares of common stock were disposed of at $34.36. |
| 02/24/2024 | Date of transaction where 164 shares of common stock were disposed of at $34.42. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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