United Bankshares Inc West Va SEC Filings

United Bankshares, Inc. announced that its Board of Directors has approved a new share repurchase program authorizing the company to buy back up to 5 million shares of its common stock, which is approximately 3.6% of its total shares issued and outstanding. The new 2025 Plan replaces the prior repurchase plan approved in May 2022, which was terminated effective November 20, 2025.

Between October 1, 2025 and November 20, 2025, United repurchased 1,103,666 shares under the 2022 Plan at a weighted average price of $35.99 per share. Repurchases under the new plan may occur from time to time in the open market, through privately negotiated transactions, or by other means, in compliance with applicable securities laws. Management believes the plan will provide capital management opportunities and help build value for shareholders, and repurchased shares may be used for employee benefit programs and other corporate purposes, including potential acquisitions.

United Bankshares (UBSI) director Shelli L. Adams reported insider activity on a Form 4. On 11/07/2025, Adams acquired 138 shares of phantom stock (Transaction Code P) at $36.1724 per unit. These phantom shares are convertible on a 1-for-1 basis for common stock reference and are payable in cash following termination of employment.

Following the reported transaction, Adams beneficially owned 54,534 phantom stock units directly. Common stock holdings after the filing were 457,070 shares held directly, plus 36,800 shares held indirectly through Bray & Oakley Insurance and 1,000 shares held indirectly by spouse. The filing was made by one reporting person in the capacity of Director.

United Bankshares Inc. (UBSI) director Winter P. Clinton reported multiple changes in beneficial ownership on 10/08/2025. The filing shows a disposition of 457,070 shares of common stock and continued indirect holdings of 36,800 shares through Bray & Oakley Insurance and 1,000 shares held by spouse. The report also records a disposition of 536 phantom stock units that are payable in cash following termination of employment; those units equate to 536 underlying common shares at a price of $37.0949 per share, leaving 54,396 shares beneficially owned directly after the transactions.

The filing is a Section 16 Form 4 reporting a director-level transaction; it discloses both direct and indirect ownership changes and the payout mechanics for the phantom stock (cash payable upon termination).

United Bankshares (UBSI) Form 4 summary: Director Winter P. Clinton reported a large open-market disposition of 457,070 shares on 08/26/2025, leaving him with 53,860 shares beneficially owned after the transaction. He also reports indirect ownership of 36,800 shares through Bray & Oakley Insurance and 1,000 shares held by his spouse. Additionally, 662 units of phantom stock were reported on 08/26/2025; these phantom units are payable in cash following the reporting person’s termination and the filing lists the underlying common stock amount as 662 shares with a price of $38.231. The filing is a single-person Form 4 and notes the director relationship to the issuer.

United Bankshares reported stronger results in the first half of 2025 with consolidated assets of $32,783,363 thousand, up from $30,023,545 thousand, driven by loan growth and the acquisition of Piedmont Bancorp. Net income was $120,721 thousand for the quarter (up from $96,507 thousand a year ago) and $205,027 thousand for six months (up from $183,321 thousand), producing basic EPS of $0.85 for the quarter and $1.44 for six months. Net interest income rose to $274,537 thousand for the quarter and $534,592 thousand year‑to‑date, reflecting higher loan yields and short‑term investment income. Deposits increased to $26,335,874 thousand from $23,961,859 thousand, supporting loan growth to $24,050,222 thousand gross. The company completed the Piedmont acquisition for $280,967 thousand, issuing 7,860,831 shares and recording $130,021 thousand of goodwill and $32,764 thousand of core deposit intangibles. Management recorded acquisition costs and purchase‑related credit provisions; available‑for‑sale securities carried $268,656 thousand of unrealized losses largely due to rising interest rates.

United Bankshares, Inc. (UBSI) – Form 4 filed 08/06/2025

Director Clinton P. Winter reported a Code P acquisition of 278 phantom stock units at an average reference price of $35.7692. Phantom stock is settled in cash after the director leaves the company and therefore does not immediately dilute equity, but aligns compensation with share-price performance.

Following the transaction, Winter’s holdings stand at:

• Common stock – direct: 457,070 shares
• Common stock – indirect: 36,800 shares via Bray & Oakley Insurance and 1,000 shares held by spouse
• Phantom stock: 53,198 units (including the 278 newly acquired)

The purchase value is roughly $10k, a modest amount relative to the director’s existing stake and UBSI’s $5 bn+ market cap. No sales were reported. The filing signals continued insider alignment but is unlikely to be financially material for investors.