Form 4: United Bankshares Inc/WV: Officer Consagra James J Jr. Reports Acquisition of Shares and Updates Beneficial Ownership
SEC Form 4
Chief Operating Officer James J. Consagra Jr. reports acquisition of United Bankshares Inc/WV shares through restricted stock units and 401k plan, updating his beneficial ownership.
Summary
- James J. Consagra Jr., Chief Operating Officer of United Bankshares Inc/WV (UBSI), filed a Form 4 detailing changes in his beneficial ownership.
- On February 20, 2025, Consagra acquired 19,581 shares of common stock through a grant of restricted stock units at $0.00 per share.
- These restricted stock units vest in three equal annual installments.
- Consagra also reported an increase in shares held through the UBSI 401K plan, totaling 10,632.5157 shares.
- Following these transactions, Consagra directly owns 130,148 shares of UBSI common stock.
- He also indirectly owns shares through the 401k plan.
- Consagra also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it is a routine disclosure of stock transactions by an officer. The acquisition of shares could be seen as a positive sign, but it's not a significant event.
Positives
- The acquisition of shares through restricted stock units aligns the officer's interests with those of the shareholders.
- Increased holdings in the 401k plan demonstrate confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding the transactions of a key officer.
- The officer's increased stake in the company could potentially align his interests more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/29/2016 | Date of stock option grant with an exercise price of $35.04 and expiration date of 02/28/2026. |
| 02/27/2017 | Date of stock option grant with an exercise price of $45.3 and expiration date of 02/27/2027. |
| 02/26/2018 | Date of stock option grant with an exercise price of $37.6 and expiration date of 02/26/2028. |
| 02/25/2019 | Date of stock option grant with an exercise price of $38.49 and expiration date of 02/25/2029. |
| 02/24/2020 | Date of stock option grant with an exercise price of $32.51 and expiration date of 02/24/2030. |
| 02/24/2021 | Date of stock option grant with an exercise price of $32.51 and expiration date of 02/24/2030. |
| 02/20/2025 | Date of transaction: Acquisition of 19,581 shares of common stock through restricted stock units. |
| 02/24/2025 | Date of report filing. |
| 02/28/2026 | Expiration date of stock option grant with an exercise price of $35.04. |
| 02/27/2027 | Expiration date of stock option grant with an exercise price of $45.3. |
| 02/26/2028 | Expiration date of stock option grant with an exercise price of $37.6. |
| 02/25/2029 | Expiration date of stock option grant with an exercise price of $38.49. |
| 02/24/2030 | Expiration date of stock option grant with an exercise price of $32.51. |
Keywords
Form 4, Beneficial Ownership, United Bankshares Inc/WV, UBSI, Consagra, Stock Options, Restricted Stock Units, 401k
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