Form 4: United Bankshares Inc/WV Executive Vice President Reports Stock Transactions
SEC Form 4
Executive Vice President Julie R. Gurtis reports multiple transactions involving United Bankshares Inc/WV (UBSI) stock, including disposals to cover tax obligations and holdings through 401k and spousal accounts.
Summary
- Julie R. Gurtis, an Executive Vice President at United Bankshares Inc/WV (UBSI), filed a Form 4 detailing changes in her beneficial ownership of UBSI stock.
- On February 22, 2025, she disposed of 693 shares at $35.53 to cover tax obligations.
- She disposed of another 1,055 shares at $35.53 on the same day for an unspecified reason.
- On February 23, 2025, she disposed of 922 shares at $35.53.
- Following these transactions, Gurtis directly owns 29,197 shares of common stock.
- She also indirectly owns 12,385.5537 shares through a 401k plan, 900 shares through her spouse as POA for a family member, and 1,364 shares through her spouse's IRA.
- Gurtis also holds multiple stock options with varying exercise prices and expiration dates, totaling 17,253 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent 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.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in the financial industry.
- Comparable companies like Truist Financial (TFC) and PNC Financial Services (PNC) also have executives who regularly file Form 4s to report their stock transactions.
- The reported transactions are typical for executives managing their personal investment portfolios and complying with tax obligations.
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 disposal of 693 shares at $35.53. |
| 02/22/2025 | Date of stock disposal of 1,055 shares at $35.53. |
| 02/23/2025 | Date of stock disposal of 922 shares at $35.53. |
| 02/25/2025 | Date of report filing. |
| 02/26/2028 | Expiration date of stock option grant with exercise price of $37.6 |
| 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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