Form 4: United Bankshares Executive Vice President Reports Stock Transactions
SEC Form 4
Executive Vice President Douglas Bryan Ernest reports acquisition and disposal of United Bankshares Inc. common stock.
Summary
- On February 22 and 23, 2025, Douglas Bryan Ernest, an Executive Vice President at United Bankshares Inc. (UBSI), reported transactions involving the company's common stock.
- He acquired 5,628 shares of common stock at $0.00, and disposed of 586, 747, 2,807 and 538 shares at $35.53.
- Following these transactions, Mr. Ernest directly owns 45,785.9031 shares and indirectly owns 7,388.5658 shares through a 401k, and 79 shares by spouse.
- He 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 by an executive, with the vesting of restricted stock units indicating achievement of performance goals, balanced by the disposal of some shares.
Positives
- The acquisition of 5,628 shares at $0.00 indicates the vesting of performance-based restricted stock units, suggesting achievement of performance goals.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and sentiment regarding the company's stock.
Stakeholder Impact
- The reported transactions provide shareholders with insight into the executive's holdings and trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date of Stock Option grant with exercise price $35.04 and expiration date 02/28/2026 |
| 02/27/2017 | Date of Stock Option grant with exercise price $45.3 and expiration date 02/27/2027 |
| 02/26/2018 | Date of Stock Option grant with exercise price $37.6 and expiration date 02/26/2028 |
| 02/25/2019 | Date of Stock Option grant with exercise price $38.49 and expiration date 02/25/2029 |
| 02/24/2020 | Date of Stock Option grant with exercise price $32.51 and expiration date 02/24/2030 |
| 02/24/2021 | Date of Stock Option grant with exercise price $32.51 and expiration date 02/24/2030 |
| 02/22/2025 | Date of common stock acquisition and disposal transactions. |
| 02/23/2025 | Date of common stock disposal transactions. |
| 02/25/2025 | Date of Form 4 filing. |
| 02/28/2026 | Expiration date of Stock Option grant with exercise price $35.04 |
| 02/27/2027 | Expiration date of Stock Option grant with exercise price $45.3 |
| 02/26/2028 | Expiration date of Stock Option grant with exercise price $37.6 |
| 02/25/2029 | Expiration date of Stock Option grant with exercise price $38.49 |
| 02/24/2030 | Expiration date of Stock Option grant with exercise price $32.51 |
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