Form 4: United Bankshares Inc. Director Reports Acquisition of Phantom Stock

Director P. Clinton Winter acquired 498 shares of phantom stock in United Bankshares Inc., according to a recent SEC filing.

Summary

• P. Clinton Winter, a director at United Bankshares Inc., reported a transaction involving phantom stock.
• The transaction occurred on January 3, 2025.
• Winter acquired 498 shares of phantom stock.
• These phantom stock shares are payable in cash upon termination of employment with UBSI.
• The price of the phantom stock was $37.0942 per share.
• Following the transaction, Winter directly owns 50,256 shares of phantom stock.
• Winter also indirectly owns 36,800 shares of common stock through Bray & Oakley Insurance and 1,000 shares of common stock through a spouse.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, indicating a routine transaction. There is no positive or negative sentiment associated with the filing itself.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in the financial industry and required by the SEC to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for publicly traded companies in the United States.
• The reporting of phantom stock transactions is consistent with regulatory requirements for disclosing changes in beneficial ownership.
• Other financial institutions and public companies have similar reporting requirements for their directors and officers.

Stakeholder Impact

• This transaction has a minimal impact on shareholders as it is a routine disclosure of a director's phantom stock acquisition.

Key Dates

Keywords

phantom stock, director, insider trading, SEC Form 4, UBSI, United Bankshares Inc., equity securities, beneficial ownership