Form 4: United Bankshares Inc. Executive Vice President Anna J. Schultheis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Anna J. Schultheis, Executive Vice President of United Bankshares Inc., reports acquisition of common stock through restricted stock awards and dividend reinvestment, as well as adjustments in 401k holdings.
Summary
- On February 20, 2025, Anna J. Schultheis, an Executive Vice President at United Bankshares Inc. (UBSI), reported changes in her beneficial ownership of the company's common stock.
- She acquired 2,176 shares of common stock through a grant of restricted stock awards that vest in three equal annual installments.
- Additionally, she acquired shares through the Dividend Reinvestment Plan.
- Her direct holdings of common stock after these transactions amount to 11,091.127 shares.
- She also has indirect ownership through a 401k plan (11,571.4852 shares) and spousal holdings (1,201.951 shares).
- The report also details her holdings of stock options with various exercise prices and expiration dates.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The executive's acquisition of shares through various means suggests confidence in the company's future, but it's a routine filing and doesn't necessarily indicate a major shift in the company's prospects.
Positives
- The acquisition of shares through restricted stock awards and the Dividend Reinvestment Plan indicates a continued investment in the company by the executive.
- The vesting schedule of the restricted stock awards (three equal annual installments) aligns the executive's interests with the long-term performance of the company.
Future Outlook
The executive's continued holding and acquisition of shares suggest a positive outlook on the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates an executive's continued investment in the company, which can be viewed positively by investors.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock awards to align management's interests with those of shareholders.
- Dividend Reinvestment Plans are a common way for shareholders, including executives, to increase their holdings in a company over time.
- Comparing the executive's holdings and trading activity to those of peers at similar-sized banks could provide further insights into the significance of these transactions.
Stakeholder Impact
- The report provides transparency to shareholders regarding the executive's ownership stake in the company.
- The executive's continued investment in the company could be viewed positively by employees and other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date of stock option grant with an exercise price of $35.04 and expiration date of 03/01/2026. |
| 02/27/2017 | Date of stock option grant with an exercise price of $45.30 and expiration date of 02/27/2027. |
| 02/26/2018 | Date of stock option grant with an exercise price of $37.60 and expiration date of 02/26/2028. |
| 02/25/2019 | Date of stock option grant with an exercise price of $38.49 and expiration date of 02/25/2029. |
| 02/24/2020 | Date of stock option grant with an exercise price of $32.51 and expiration date of 02/24/2030. |
| 02/20/2025 | Date of transaction: Acquisition of common stock through restricted stock awards and dividend reinvestment. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, United Bankshares Inc., UBSI, Anna J. Schultheis, executive vice president, common stock, restricted stock, dividend reinvestment plan, 401k, stock options
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