Form 4: United Bankshares Inc/WV Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Charles J. Mildren, an Executive Vice President at United Bankshares Inc/WV, reported the disposition of common stock to cover tax obligations and updates to beneficial ownership.
Summary
- Charles J. Mildren, an Executive Vice President of United Bankshares Inc/WV (UBSI), filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposition of common stock on February 22 and 23, 2025, to satisfy tax obligations resulting from vesting of stock.
- These transactions were executed at a price of $35.53 per share.
- Following these transactions, Mildren directly owns 19,182.997 shares of common stock.
- Mildren also indirectly owns 6,400.2766 shares through a 401k plan and 626.483 shares through immediate family.
- The report also lists several stock options held by Mildren with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The vesting schedules and exercise prices of these options are generally in line with industry norms for financial institutions of similar size and scope.
- Comparing Mildren's stock ownership and option holdings to those of executives at regional banks like PNC Financial Services or Truist Financial could provide further context.
Stakeholder Impact
- The stock disposition has a minor dilutive effect on existing shareholders.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date exercisable for stock options with a price of $35.04, expiring on 03/01/2026 |
| 02/27/2017 | Date exercisable for stock options with a price of $45.3, expiring on 02/27/2027 |
| 02/26/2018 | Date exercisable for stock options with a price of $37.6, expiring on 02/26/2028 |
| 02/25/2019 | Date exercisable for stock options with a price of $38.49, expiring on 02/25/2029 |
| 02/24/2020 | Date exercisable for stock options with a price of $32.51, expiring on 02/24/2030 |
| 02/22/2025 | Date of common stock disposition for tax obligations. |
| 02/23/2025 | Date of common stock disposition for tax obligations. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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.