Form 4: United Bankshares Inc/WV Director Winter P Clinton Reports Beneficial Ownership Changes
SEC Form 4 Filing
Director Winter P Clinton reports changes in beneficial ownership of United Bankshares Inc/WV stock, including phantom stock acquisition.
Summary
- Director Winter P Clinton filed a Form 4 detailing changes in beneficial ownership of United Bankshares Inc/WV (UBSI) stock.
- The report indicates direct ownership of 455,166 shares of common stock.
- Indirect ownership includes 36,800 shares through Bray & Oakley Insurance and 1,000 shares by spouse.
- The director also acquired 497 shares of phantom stock on October 1, 2024, at a price of $36.3188 per share.
- Following the reported transactions, the director beneficially owns 48,930 derivative securities (phantom stock).
Sentiment
Score: 5
Explanation: This is a routine filing reflecting changes in beneficial ownership, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director, which is normal activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction for phantom stock acquisition |
| 10/02/2024 | Date of signature on the report |
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