Form 4: United Bankshares Inc. Executive Acquires Shares Through Restricted Stock Grant and 401(k) Plan
SEC Form 4 Filing
Henry M. Kayes Jr., an Executive Vice President at United Bankshares Inc., reported acquiring shares through a restricted stock award and the company's 401(k) plan, increasing his total holdings.
Summary
- On February 20, 2025, Henry M. Kayes Jr., an EVP at United Bankshares Inc. (UBSI), acquired 5,439 shares of common stock through a restricted stock award.
- These shares were granted at a price of $0.00, and the award vests in three equal annual installments.
- Kayes also acquired additional shares through the UBSI 401(k) plan, totaling 2,506.8878 shares.
- Following these transactions, Kayes directly owns 35,640 shares of UBSI common stock.
- He also has indirect ownership through his 401(k) (2,506.8878 shares), immediate family (788 shares), and wife's IRA (206.022 shares).
- Kayes also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but it's part of a standard compensation package. No significant negative information is present.
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 award vests in three equal annual installments, suggesting continued employment and contribution to the company.
Industry Context
Insider transactions are common in the banking industry and are closely watched by investors for signals about a company's prospects. This filing indicates an executive's continued investment in the company.
Comparison to Industry Standards
- Comparing Kayes's holdings and stock options to those of executives at similar regional banks like PNC Financial Services or Truist Financial could provide context on whether his compensation and equity ownership are in line with industry norms.
- Reviewing filings from executives at peer institutions would help determine if the vesting schedules and option terms are standard practice.
Stakeholder Impact
- The increased ownership stake of an executive could potentially align management's interests more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2017 | Stock option grant date with an exercise price of $45.3 and expiration date of 02/27/2027 for 3,200 shares. |
| 02/26/2018 | Stock option grant date with an exercise price of $37.6 and expiration date of 02/26/2028 for 3,200 shares. |
| 02/25/2019 | Stock option grant date with an exercise price of $38.49 and expiration date of 02/25/2029 for 3,200 shares. |
| 02/24/2020 | Stock option grant date with an exercise price of $32.51 and expiration date of 02/24/2030 for 1,089 shares. |
| 02/20/2025 | Date of transaction: Acquisition of 5,439 shares of common stock through a restricted stock award. |
| 02/24/2025 | Date of report. |
Keywords
Form 4, UBSI, United Bankshares Inc, Insider Trading, Beneficial Ownership, Stock Options, Restricted Stock, 401k
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