Form 4: United Bankshares Executive Vice President Reports Acquisition of Shares and Updates Beneficial Ownership
SEC Form 4 Filing
Darren K. Williams, an Executive Vice President at United Bankshares Inc/WV, reports the acquisition of common stock and updates to his beneficial ownership, including stock options and shares held directly and indirectly through an IRA and 401k.
Summary
- On February 20, 2025, Darren K. Williams, an Executive Vice President of United Bankshares Inc/WV (UBSI), reported changes in beneficial ownership to the SEC.
- Williams acquired 5,461 shares of common stock through a grant of restricted stock units, which vest in three equal annual installments.
- The reported transaction also reflects an updated total of 39,614 shares of common stock owned directly.
- Williams also holds 2,208 shares of common stock in a Direct IRA.
- An additional 4,369.8964 shares are held indirectly through the UBSI 401k plan.
- Williams also holds multiple stock options with varying exercise prices and expiration dates, totaling thousands of shares.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as the executive is increasing their stake in the company, which is generally a good sign. However, it's a routine filing and doesn't necessarily indicate a major shift in the company's outlook.
Positives
- The acquisition of restricted stock units suggests confidence in the company's future performance.
- The executive's continued holding of a significant number of shares and stock options aligns his interests with those of shareholders.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions. They are closely watched by investors to gauge management's sentiment and confidence in the company's prospects. The acquisition of shares by an executive is generally viewed positively.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice in the financial services industry.
- The vesting schedule of the restricted stock units (three equal annual installments) is a common structure.
- Comparing the total holdings and option grants to peers like Truist Financial (TFC) or PNC Financial Services (PNC) would provide a better understanding of the relative size of the executive's stake in the company.
Stakeholder Impact
- The increased ownership by an executive could positively influence shareholder confidence.
- Employees may view the executive's investment as a positive sign for the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Stock option grant with an exercise price of $35.04, expiring on 02/28/2026 |
| 02/27/2017 | Stock option grant with an exercise price of $45.3, expiring on 02/27/2027 |
| 02/26/2018 | Stock option grant with an exercise price of $37.6, expiring on 02/26/2028 |
| 02/25/2019 | Stock option grant with an exercise price of $38.49, expiring on 02/25/2029 |
| 02/24/2020 | Stock option grant with an exercise price of $32.51, expiring on 02/24/2030 |
| 02/24/2021 | Stock option grant with an exercise price of $32.51, expiring on 02/24/2030 |
| 02/20/2025 | Date of transaction: Acquisition of 5,461 shares of common stock through restricted stock units. |
| 02/24/2025 | Date of report filing. |
| 02/28/2026 | 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 and 02/24/2021. |
Keywords
beneficial ownership, Form 4, UBSI, United Bankshares, stock options, restricted stock units, Darren K. Williams, executive compensation, insider trading
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.