Form 4: United Bankshares Inc/WV Executive Vice President Reports Changes in Beneficial Ownership
SEC Form 4
Anna J Schultheis, an Executive Vice President at United Bankshares Inc/WV, reported transactions involving common stock, including disposals to cover tax obligations and holdings in 401k and spousal accounts.
Summary
- On February 23 and 24, 2024, Anna J Schultheis, an Executive Vice President at United Bankshares Inc/WV, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
- The reported transactions include the disposal of shares to satisfy tax obligations resulting from the vesting of stock options, with prices of $34.36 and $34.42 per share on February 23 and 24, 2024, respectively.
- Following these transactions, Schultheis directly owns 8,591.9042 shares of common stock.
- Additionally, Schultheis indirectly owns 10,051.4451 shares through a 401k and 1,141.951 shares indirectly through a spouse.
- The report also lists several stock options held by Schultheis with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
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 perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
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 03/01/2026. |
| 02/27/2017 | Date of stock option grant with an exercise price of $45.30 and expiration on 02/27/2027. |
| 02/26/2018 | Date of stock option grant with an exercise price of $37.60 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. |
| 02/23/2024 | Transaction date for the disposal of 218 shares of common stock at $34.36. |
| 02/24/2024 | Transaction date for the disposal of 86 shares of common stock at $34.42. |
| 02/27/2024 | Date of signature on the report. |
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