Form 4: United Bankshares Executive Vice President Julie R. Gurtis Reports Stock Transactions
SEC Form 4
Executive Vice President Julie R. Gurtis reports disposition of United Bankshares Inc. stock to cover tax obligations, while maintaining significant holdings.
Summary
- On February 23 and 24, 2024, Julie R. Gurtis, an Executive Vice President at United Bankshares Inc., reported the disposition of common stock to cover tax obligations.
- On February 23, 2024, 923 shares were disposed of at a price of $34.36.
- On February 24, 2024, 126 shares were disposed of at a price of $34.42.
- Following these transactions, Gurtis directly owns 23,535 shares of common stock.
- Gurtis also indirectly owns 11,076.6496 shares through a 401k, 587 shares through a Family Trust, and 1,268 shares through a spouse's 401K.
- Gurtis also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to tax obligations and does not indicate any significant change in the executive's confidence in the company.
Positives
- The reporting person continues to hold a significant number of shares and stock options in the company, indicating continued alignment with shareholder interests.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to tax obligations and do not represent a significant change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/23/2015 | Date exercisable for stock option with a price of $36.92 |
| 02/29/2016 | Date exercisable for stock option with a price of $35.04 |
| 02/27/2017 | Date exercisable for stock option with a price of $45.3 |
| 02/26/2018 | Date exercisable for stock option with a price of $37.6 |
| 02/25/2019 | Date exercisable for stock option with a price of $38.49 |
| 02/24/2020 | Date exercisable for stock option with a price of $32.51 |
| 02/23/2024 | Date of stock disposition of 923 shares at $34.36 |
| 02/24/2024 | Date of stock disposition of 126 shares at $34.42 |
| 02/23/2025 | Expiration date for stock option with a price of $36.92 |
| 03/01/2026 | Expiration date for stock option with a price of $35.04 |
| 02/27/2027 | Expiration date for stock option with a price of $45.3 |
| 02/26/2028 | Expiration date for stock option with a price of $37.6 |
| 02/25/2029 | Expiration date for stock option with a price of $38.49 |
| 02/24/2030 | Expiration date for stock option with a price of $32.51 |
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