Form 4: United Bankshares Inc/WV Executive Vice President Ross M Draber Reports Acquisition of Shares
SEC Form 4
Executive Vice President Ross M Draber reports the acquisition of common stock in United Bankshares Inc/WV through a restricted stock unit grant and dividend reinvestment, as well as shares acquired under the UBSI 401K plan.
Summary
- Ross M Draber, an Executive Vice President at United Bankshares Inc/WV (UBSI), filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, Draber acquired 5,461 shares of common stock through a restricted stock unit grant that vests in three equal annual installments.
- Additional shares were acquired through the Dividend Reinvestment Plan, bringing the total direct holdings to 24,838.1293 shares.
- Draber also indirectly owns 4,800.634 shares through the UBSI 401K plan.
- Draber holds multiple stock options with varying exercise prices and expiration dates, totaling 12,100 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The acquisition of shares through grants and reinvestment is mildly positive, suggesting confidence, but it's not a major event.
Positives
- The acquisition of shares through restricted stock units aligns Draber's interests with the long-term performance of the company.
- Participation in the Dividend Reinvestment Plan indicates confidence in the company's future profitability.
- Continued investment through the 401K plan demonstrates a commitment to the company's success.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis.
- Comparing Draber's holdings and transactions to those of other executives at UBSI and peer banks can provide insights into relative valuation and management confidence.
- Analyzing the vesting schedules of restricted stock units and the terms of stock options can help assess the alignment of management's interests with shareholders.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding insider activity.
- The acquisition of shares by an executive may signal confidence in the company's future performance, potentially impacting shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date of stock option grant with an exercise price of $35.04 and expiration date of 03/01/2026 for 2,000 shares. |
| 02/27/2017 | Date of stock option grant with an exercise price of $45.3 and expiration date of 02/27/2027 for 2,500 shares. |
| 02/26/2018 | Date of stock option grant with an exercise price of $37.6 and expiration date of 02/26/2028 for 3,000 shares. |
| 02/25/2019 | Date of stock option grant with an exercise price of $38.49 and expiration date of 02/25/2029 for 3,200 shares. |
| 02/24/2020 | Date of stock option grant with an exercise price of $32.51 and expiration date of 02/24/2030 for 1,453 shares. |
| 02/20/2025 | Date of transaction: Acquisition of 5,461 shares of common stock through a restricted stock unit grant and additional stock acquired in the Dividend Reinvestment Plan. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, beneficial ownership, UBSI, United Bankshares Inc/WV, Ross M Draber, stock options, restricted stock units, Dividend Reinvestment Plan, 401K
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