Form 4: United Bankshares Executive Vice President Matthew L. Humphrey Reports Stock Transactions

Executive Vice President Matthew L. Humphrey of United Bankshares Inc. reports the disposition of common stock to cover tax obligations and discloses holdings of common stock and stock options.

Summary

• On February 23 and 24, 2024, Matthew L. Humphrey, an Executive Vice President at United Bankshares Inc., disposed of shares of common stock to satisfy tax obligations.
• On February 23, 2024, 921 shares were disposed of at a price of $34.36.
• On February 24, 2024, 473 shares were disposed of at a price of $34.42.
• Following these transactions, Humphrey directly owns 30,094.0385 shares of common stock and indirectly owns 2,898.0294 shares through a 401k.
• Humphrey also holds multiple stock options with varying exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

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.

Comparison to Industry Standards

• Executive stock transactions are common across the financial industry.
• Similar filings can be observed for executives at comparable regional banks like PNC Financial Services, Truist Financial, and M&T Bank.
• The size and frequency of these transactions are typical for executives managing their personal portfolios and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, as they represent a small percentage of the total outstanding shares.
• The filing provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates