Form 4: United Bankshares Inc. Executive Vice President Reports Stock Disposals

Ami L. Shaver, an Executive Vice President at United Bankshares Inc., reported the disposal of common stock to cover tax obligations related to stock options.

Summary

• On February 23 and 24, 2024, Ami L. Shaver, an Executive Vice President of United Bankshares Inc., disposed of shares of common stock.
• The disposals were made to satisfy tax obligations related to the vesting of stock options.
• On February 23, 2024, 266 shares were disposed of at a price of $34.36.
• On February 24, 2024, 104 shares were disposed of at a price of $34.42.
• Following these transactions, Shaver directly owns 12,312.1882 shares of common stock and indirectly owns 7,789.1831 shares through a 401k.

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, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock disposal by an executive may have a minor impact on shareholders, potentially creating a slight downward pressure on the stock price in the short term.

Key Dates