Form 4: United Bankshares Executive Vice President William Mark Tatterson Reports Stock Transactions
SEC Form 4
William Mark Tatterson, an Executive Vice President at United Bankshares Inc/WV, reports the acquisition and disposal of common stock and stock options on November 6, 2024.
Summary
- On November 6, 2024, William Mark Tatterson, an Executive Vice President at United Bankshares Inc/WV (UBSI), engaged in transactions involving UBSI's common stock and stock options.
- Tatterson acquired 9,130 shares of common stock at a price of $36.92 through the exercise of stock options.
- He also disposed of 8,466 shares of common stock at a price of $42.59.
- Following these transactions, Tatterson directly owns 75,279.4404 shares of UBSI common stock.
- Additionally, he indirectly owns 8,160.6393 shares through a 401k plan and 85.9091 shares through his wife.
- Tatterson holds multiple stock options with varying exercise prices and expiration dates, covering a total of 60,480 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Similar filings are made by executives at comparable regional banks, such as PNC Financial Services and Truist Financial, whenever they engage in transactions involving their company's stock.
- The details disclosed, such as the number of shares traded and the prices involved, are consistent with the level of information expected in these filings.
Stakeholder Impact
- Shareholders can use this information to understand the actions of a key executive and their potential impact on the stock's performance.
- Employees may be interested in the executive's transactions as an indicator of company confidence.
- The filing provides transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/23/2015 | Date of exercisable stock options |
| 02/29/2016 | Date of exercisable stock options |
| 02/27/2017 | Date of exercisable stock options |
| 02/26/2018 | Date of exercisable stock options |
| 02/25/2019 | Date of exercisable stock options |
| 02/24/2020 | Date of exercisable stock options |
| 02/24/2021 | Date of exercisable stock options |
| 11/06/2024 | Date of transaction: Acquisition and disposal of common stock and stock options. |
| 02/23/2025 | Expiration date of stock options |
| 02/28/2026 | Expiration date of stock options |
| 02/27/2027 | Expiration date of stock options |
| 02/26/2028 | Expiration date of stock options |
| 02/25/2029 | Expiration date of stock options |
| 02/24/2030 | Expiration date of stock options |
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.