Form 4: United Bankshares Inc/WV: Executive Chairman Richard M Adams Sr. Reports Stock Option Exercise and Share Transactions
SEC Form 4 Filing
Richard M Adams Sr., Executive Chairman of United Bankshares Inc/WV, reports exercising stock options and related transactions involving common stock.
Summary
- On November 6, 2024, Richard M Adams Sr., the Executive Chairman of United Bankshares Inc/WV, exercised stock options for 33,300 shares at a price of $36.92.
- Following the exercise, 30,878 shares were disposed of at $42.59.
- After these transactions, Adams directly owns 858,377.7402 shares of common stock.
- Adams also has indirect ownership through various accounts, including a Direct IRA (7,951.868 shares), a 401k (75,824.6677 shares), a Corporation (1,400 shares), Immediate Family (23,448.2857 shares), and Wife-IRA (4,244.253 shares).
- Adams directly owns multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's value.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 02/23/2015 | Date exercisable for stock options with an expiration date of 02/23/2025 |
| 02/29/2016 | Date exercisable for stock options with an expiration date of 02/28/2026 |
| 02/27/2017 | Date exercisable for stock options with an expiration date of 02/27/2027 |
| 02/26/2018 | Date exercisable for stock options with an expiration date of 02/26/2028 |
| 02/25/2019 | Date exercisable for stock options with an expiration date of 02/25/2029 |
| 02/24/2020 | Date exercisable for stock options with an expiration date of 02/24/2030 |
| 02/24/2021 | Date exercisable for stock options with an expiration date of 02/24/2030 |
| 11/06/2024 | Date of transaction: stock option exercise and share disposal. |
| 11/08/2024 | Date of signature on the report. |
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