Form 4: United Bankshares Executive Vice President Reports Stock Transactions
SEC Form 4
Douglas Bryan Ernest, an Executive Vice President at United Bankshares Inc/WV, reported the disposal of shares to cover tax obligations and owns 38,389.8165 shares of common stock directly after the reported transactions.
Summary
- Douglas Bryan Ernest, an Executive Vice President at United Bankshares Inc/WV (UBSI), filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2024, 539 shares of common stock were disposed of at a price of $34.36.
- On February 24, 2024, 1,101 shares of common stock were disposed of at a price of $34.42.
- Following these transactions, Ernest directly owns 38,389.8165 shares of common stock.
- Ernest also indirectly owns 6,602.138 shares through a 401k and 79 shares through a spouse.
- Ernest holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by an executive officer may be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 02/23/2015 | Date of stock option grant with an exercise price of $36.92 and expiration on 02/23/2025. |
| 02/29/2016 | Date of stock option grant with an exercise price of $35.04 and expiration on 02/28/2026. |
| 02/27/2017 | Date of stock option grant with an exercise price of $45.3 and expiration on 02/27/2027. |
| 02/26/2018 | Date of stock option grant with an exercise price of $37.6 and expiration on 02/26/2028. |
| 02/25/2019 | Date of stock option grant with an exercise price of $38.49 and expiration on 02/25/2029. |
| 02/24/2020 | Date of stock option grant with an exercise price of $32.51 and expiration on 02/24/2030. |
| 02/24/2021 | Date of stock option grant with an exercise price of $32.51 and expiration on 02/24/2030. |
| 02/23/2024 | Date of common stock disposal of 539 shares at $34.36 per share. |
| 02/24/2024 | Date of common stock disposal of 1,101 shares at $34.42 per share. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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