Form 4: United Bankshares Inc/WV Executive Matthew L. Humphrey Reports Acquisition of Shares
SEC Form 4 Filing
Executive Vice President Matthew L. Humphrey reports acquisition of United Bankshares Inc/WV shares through restricted stock awards and dividend reinvestment, along with holdings in the UBSI 401K plan.
Summary
- Matthew L. Humphrey, an Executive Vice President at United Bankshares Inc/WV, reported changes in beneficial ownership of the company's stock.
- On February 20, 2025, Humphrey acquired 7,248 shares of common stock through a restricted stock award.
- These shares were granted and vest in three equal annual installments.
- Humphrey also acquired additional stock through the Dividend Reinvestment Plan.
- He also holds shares through the UBSI 401K plan, with an increase since his last report.
- Humphrey directly owns 37,951.894 shares of common stock and indirectly owns 3,500.6806 shares through the 401k.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The insider is increasing their stake in the company, which is generally a good sign, but it's part of a standard compensation package and dividend reinvestment.
Positives
- The acquisition of shares through restricted stock awards aligns Humphrey's interests with the company's long-term performance.
- Participation in the Dividend Reinvestment Plan indicates a commitment to increasing his stake in the company.
- Increased holdings in the 401K plan show confidence in the company's future.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in financial analysis to gauge management's sentiment towards the company's prospects.
- Comparing the frequency and size of insider transactions at United Bankshares Inc/WV to those of its peers, such as Truist Financial or PNC Financial Services, can provide insights into relative valuation and management confidence.
- Dividend Reinvestment Plans are a common way for shareholders to increase their holdings, and the participation rate among insiders can be a positive signal.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding insider ownership.
- The vesting of restricted stock awards can incentivize the executive to improve company performance, benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/02/2017 | Date of stock option grant with an exercise price of $36.1 and an expiration date of 11/02/2027. |
| 02/26/2018 | Date of stock option grant with an exercise price of $37.6 and an expiration date of 02/26/2028. |
| 02/25/2019 | Date of stock option grant with an exercise price of $38.49 and an expiration date of 02/25/2029. |
| 02/24/2020 | Date of stock option grant with an exercise price of $32.51 and an expiration date of 02/24/2030. |
| 02/27/2017 | Date of stock option grant with an exercise price of $45.3 and an expiration date of 02/27/2027. |
| 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
Form 4, Beneficial Ownership, Executive Vice President, Matthew L. Humphrey, United Bankshares Inc/WV, UBSI, Stock Options, Restricted Stock, Dividend Reinvestment Plan, 401K
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