Form 4: United Bankshares Executive Vice President Reports Stock Transactions
SEC Form 4
William Mark Tatterson, an Executive Vice President at United Bankshares Inc/WV, reports acquisition and disposal of common stock and holdings of derivative securities.
Summary
- On February 22 and 23, 2025, William Mark Tatterson, an Executive Vice President of United Bankshares Inc/WV (UBSI), reported transactions involving UBSI's common stock.
- Tatterson acquired 9,877 shares of common stock at $0.00, and disposed of shares in multiple transactions at a price of $35.53.
- These transactions resulted in a decrease in his direct holdings of common stock to 88,455.4059 shares.
- Tatterson also has indirect ownership of 8,380.0618 shares through a 401k and 89.5771 shares through his wife.
- He also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The vesting of performance-based restricted stock units indicates that performance goals were achieved.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Comparison to Industry Standards
- Executive stock ownership is common across the banking industry.
- Comparing Tatterson's holdings and transactions to those of executives at peer banks like WesBanco or Huntington Bancshares would provide a better understanding of whether his activity is typical.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by providing insight into executive sentiment, but the scale of the transactions is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date of Stock Option grant with exercise price of $35.04 and expiration date of 02/28/2026 |
| 02/27/2017 | Date of Stock Option grant with exercise price of $45.3 and expiration date of 02/27/2027 |
| 02/26/2018 | Date of Stock Option grant with exercise price of $37.6 and expiration date of 02/26/2028 |
| 02/25/2019 | Date of Stock Option grant with exercise price of $38.49 and expiration date of 02/25/2029 |
| 02/24/2020 | Date of Stock Option grant with exercise price of $32.51 and expiration date of 02/24/2030 |
| 02/24/2021 | Date of Stock Option grant with exercise price of $32.51 and expiration date of 02/24/2030 |
| 02/22/2022 | Date of performance-based restricted stock units grant |
| 02/22/2025 | Date of common stock transactions and vesting of restricted stock units |
| 02/23/2025 | Date of common stock transactions |
| 02/25/2025 | Date of signature on the report |
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