Form 4: United Bankshares Executive Vice President Darren K. Williams Reports Stock Option Exercise and Share Disposals
SEC Form 4 Filing
Darren K. Williams, an Executive Vice President at United Bankshares Inc., exercised stock options and disposed of shares to cover tax obligations.
Summary
- On November 6, 2024, Darren K. Williams, an Executive Vice President of United Bankshares Inc. (UBSI), exercised stock options for 5,000 shares at a price of $36.92 per share.
- Concurrently, Williams disposed of 4,637 shares at $42.59 to satisfy tax obligations related to the option exercise.
- Following these transactions, Williams directly owns 34,153 shares of common stock and indirectly owns 4,251.8089 shares through a 401k plan.
- Williams also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/23/2015 | Date exercisable for 5,000 common stock options at $36.92 |
| 02/29/2016 | Date exercisable for 5,000 common stock options at $35.04 |
| 02/27/2017 | Date exercisable for 7,603 common stock options at $45.3 |
| 02/26/2018 | Date exercisable for 7,603 common stock options at $37.6 |
| 02/25/2019 | Date exercisable for 5,419 common stock options at $38.49 |
| 02/24/2020 | Date exercisable for 7,246 common stock options at $32.51 |
| 02/24/2021 | Date exercisable for 3,623 common stock options at $32.51 |
| 11/06/2024 | Date of stock option exercise and share disposal. |
| 02/23/2025 | Expiration date for 5,000 common stock options at $36.92 |
| 02/28/2026 | Expiration date for 5,000 common stock options at $35.04 |
| 02/27/2027 | Expiration date for 7,603 common stock options at $45.3 |
| 02/26/2028 | Expiration date for 7,603 common stock options at $37.6 |
| 02/25/2029 | Expiration date for 5,419 common stock options at $38.49 |
| 02/24/2030 | Expiration date for 7,246 and 3,623 common stock options at $32.51 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.