Form 4: United Bankshares Inc. Officer Reports Stock Disposals and Option Holdings
SEC Form 4
James J. Consagra Jr., Chief Operating Officer of United Bankshares Inc., reports disposing of shares to cover tax obligations and holding various stock options.
Summary
- On February 23, 2024, James J. Consagra Jr., the Chief Operating Officer of United Bankshares Inc., disposed of 2,007 shares of common stock at a price of $34.36.
- On February 24, 2024, Mr. Consagra disposed of 2,225 shares of common stock at a price of $34.42.
- Following these transactions, Mr. Consagra directly owns 109,760 shares of United Bankshares Inc. common stock.
- Mr. Consagra also indirectly owns 9,755.2872 shares through a 401k.
- Mr. Consagra holds multiple stock options with varying exercise prices and expiration dates, totaling 87,085 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock disposals and option holdings, which are common activities for corporate officers.
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 disposal of shares by a company officer could be perceived negatively by some shareholders, although it is often related to tax obligations or portfolio diversification.
- The continued holding of stock options suggests the officer remains incentivized to improve the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/23/2015 | Date of stock option grant with an exercise price of $36.92 and expiration on 02/23/2025. |
| 02/29/2016 | Date of stock option grant with an exercise price of $35.04 and expiration on 02/28/2026. |
| 02/27/2017 | Date of stock option grant with an exercise price of $45.3 and expiration on 02/27/2027. |
| 02/26/2018 | Date of stock option grant with an exercise price of $37.6 and expiration on 02/26/2028. |
| 02/25/2019 | Date of stock option grant with an exercise price of $38.49 and expiration on 02/25/2029. |
| 02/24/2020 | Date of stock option grant with an exercise price of $32.51 and expiration on 02/24/2030. |
| 02/24/2021 | Date of stock option grant with an exercise price of $32.51 and expiration on 02/24/2030. |
| 02/23/2024 | Transaction date: Disposal of 2,007 shares at $34.36. |
| 02/24/2024 | Transaction date: Disposal of 2,225 shares at $34.42. |
| 02/27/2024 | Signature date of the Form 4 filing. |
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