Form 4: United Bankshares Executive Vice President William Mark Tatterson Reports Acquisition of Shares
SEC Form 4
Executive Vice President William Mark Tatterson reports acquisition of United Bankshares Inc. shares through restricted stock units, dividend reinvestment, and 401k plan.
Summary
- William Mark Tatterson, an Executive Vice President at United Bankshares Inc. (UBSI), filed a Form 4 detailing changes in his beneficial ownership of UBSI securities.
- On February 20, 2025, Tatterson acquired 12,250 shares of common stock through a grant of restricted stock units at $0.00 per share.
- He also acquired additional shares through the Dividend Reinvestment Plan and the UBSI 401K plan.
- Following these transactions, Tatterson directly owns 87,550.4059 shares of common stock and indirectly owns 8,344.8742 shares through his 401k and 89.5771 shares through his wife.
- Tatterson also holds multiple stock options with varying exercise prices and expiration dates, totaling 60,588 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing an executive acquiring shares through standard compensation mechanisms. It doesn't indicate any major positive or negative events.
Positives
- The acquisition of shares by an executive could be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The restricted stock units vest in three equal annual installments, suggesting continued ownership changes in the future.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency regarding their investment activities in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- Dividend Reinvestment Plans (DRIPs) are common for shareholders to automatically reinvest dividends into additional shares.
- 401k plans are standard retirement savings vehicles offered by many companies, including UBSI.
Stakeholder Impact
- Shareholders may view the executive's increased ownership as a positive sign.
- The filing provides transparency to the market regarding insider transactions.
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 |
| 02/20/2025 | Date of transaction: Acquisition of 12,250 shares of common stock through restricted stock units. |
| 02/24/2025 | Date of report filing. |
Keywords
Form 4, UBSI, United Bankshares Inc, Beneficial Ownership, Stock Options, Dividend Reinvestment Plan, Restricted Stock Units, Executive Vice President, Tatterson William Mark
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