Form 4: United Bankshares Inc/WV Executive Vice President Charles J. Mildren Reports Acquisition of Shares
SEC Form 4
Executive Vice President Charles J. Mildren reports acquisition of United Bankshares Inc/WV shares through restricted stock awards and dividend reinvestment, as well as shares held in a 401k.
Summary
- Charles J. Mildren, an Executive Vice President at United Bankshares Inc/WV, filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, Mildren acquired 2,176 shares of common stock through a restricted stock award.
- These shares were acquired at $0.00 per share and vest in three equal annual installments.
- Mildren also acquired additional shares through the Dividend Reinvestment Plan and the UBSI 401K plan.
- Following these transactions, Mildren directly owns 20,101.997 shares and indirectly owns 6,381.3015 shares through a 401k and 626.483 shares through immediate family.
- Mildren also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine stock acquisitions through compensation and dividend reinvestment, indicating alignment of management's interests with shareholders.
Positives
- The acquisition of shares through restricted stock awards aligns Mildren's interests with the company's performance.
- Participation in the Dividend Reinvestment Plan indicates a long-term investment perspective.
- The vesting schedule of the restricted stock award encourages continued service and commitment to the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's confidence in the company's prospects.
Stakeholder Impact
- The acquisition of shares by an executive may signal confidence in the company's future performance to shareholders.
- The vesting schedule of the restricted stock award may incentivize the executive to contribute to the company's long-term success, benefiting employees and other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Stock Option grant date with an exercise price of $35.04 and expiration date of 03/01/2026. |
| 02/27/2017 | Stock Option grant date with an exercise price of $45.3 and expiration date of 02/27/2027. |
| 02/26/2018 | Stock Option grant date with an exercise price of $37.6 and expiration date of 02/26/2028. |
| 02/25/2019 | Stock Option grant date with an exercise price of $38.49 and expiration date of 02/25/2029. |
| 02/24/2020 | Stock Option grant date with an exercise price of $32.51 and expiration date of 02/24/2030. |
| 02/20/2025 | Date of transaction: Acquisition of 2,176 shares of common stock through a restricted stock award. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Executive Vice President, UBSI, United Bankshares Inc/WV, Stock Options, Restricted Stock, Dividend Reinvestment Plan, 401k
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.