Form 4: United Bankshares Inc/WV Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Ami L Shaver, an Executive Vice President at United Bankshares Inc/WV, reports the disposition of common stock to cover tax obligations and updates holdings including those in a 401k plan.
Summary
- Ami L Shaver, an Executive Vice President of United Bankshares Inc/WV (UBSI), filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 22 and 23, 2025, Shaver disposed of 257, 368 and 308 shares of common stock at a price of $35.53 per share to cover tax obligations.
- Following these transactions, Shaver directly owns 14,061.291 shares of UBSI common stock.
- Shaver also indirectly owns 8,650.752 shares through a 401k plan.
- The report also lists holdings of stock options with various 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
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Comparing the stock option grants to similar financial institutions, the exercise prices and expiration dates appear standard for executive compensation packages.
- The vesting schedules and terms are likely aligned with industry norms to incentivize long-term performance and retention.
- Companies like Truist Financial (TFC) and PNC Financial Services (PNC) also regularly disclose similar insider transactions.
Stakeholder Impact
- The stock dispositions may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date of Stock Option grant with exercise price of $35.04 and expiration date of 03/01/2026 |
| 02/27/2017 | Date of Stock Option grant with exercise price of $45.3 and expiration date of 02/27/2027 |
| 02/26/2018 | Date of Stock Option grant with exercise price of $37.6 and expiration date of 02/26/2028 |
| 02/25/2019 | Date of Stock Option grant with exercise price of $38.49 and expiration date of 02/25/2029 |
| 02/24/2020 | Date of Stock Option grant with exercise price of $32.51 and expiration date of 02/24/2030 |
| 02/22/2025 | Date of stock disposition of 257 shares at $35.53. |
| 02/22/2025 | Date of stock disposition of 368 shares at $35.53. |
| 02/23/2025 | Date of stock disposition of 308 shares at $35.53. |
| 02/25/2025 | Date of Form 4 filing. |
| 02/26/2026 | Expiration date of Stock Option grant with exercise price of $37.6 |
| 02/27/2027 | Expiration date of Stock Option grant with exercise price of $45.3 |
| 02/25/2029 | Expiration date of Stock Option grant with exercise price of $38.49 |
| 02/24/2030 | Expiration date of Stock Option grant with exercise price of $32.51 |
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