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United Bankshares trust plans $149K stock sale

UNITED BANKSHARES INC/WV (UBSI) received a Rule 144 notice relating to a planned sale of its common stock.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

UNITED BANKSHARES INC/WV (UBSI) received a Rule 144 notice relating to a planned sale of its common stock. A revocable trust for Peggy A. Nesselroad, spouse of Mark R. Nesselroad, filed to sell 3,200 shares of UBSI common stock held at The Charles Schwab Corporation.

The shares were originally acquired on 09/15/2009 through a Restricted Stock Award from the issuer. As of the notice date, 136,212,571 shares of UBSI common stock were outstanding. The filing indicates the planned sale is through NASDAQ with an approximate market value of $148,734.40 for the 3,200 shares.

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Shares to be sold 3,200 shares of common stock Amount of UNITED BANKSHARES INC/WV common stock covered by the Rule 144 notice
Approximate market value of shares to be sold $148,734.40 Indicated value for 3,200 UBSI shares in the Form 144
Shares outstanding 136,212,571 shares Outstanding UNITED BANKSHARES INC/WV common shares as stated in the notice
Original acquisition date 09/15/2009 Date the 3,200 UBSI shares were acquired via Restricted Stock Award
Date of Notice 09/01/2026 Filing date of the Rule 144 notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Award financial
"Common | 09/15/2009 | Restricted Stock Award | Issuer"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Revocable Trust financial
"Peggy A. Nesselroad Revocable Trust U/A Dtd 12/08/2021."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

What does the Form 144 filing disclose for UBSI?

It discloses a proposed sale under Rule 144 of 3,200 shares of UNITED BANKSHARES INC/WV common stock from a revocable trust for Peggy A. Nesselroad, spouse of Mark R. Nesselroad, with an indicated market value of about $148,734.40.

Who is selling UNITED BANKSHARES INC/WV (UBSI) shares in this Form 144?

The planned sale is from an account titled Peggy A. Nesselroad Ttee Peggy A. Nesselroad Revocable Trust U/A Dtd 12/08/2021. The remarks state that Peggy Nesselroad is the spouse of Mark R. Nesselroad, the person for whose account the securities are to be sold.

How many UBSI shares are planned to be sold and what is their value?

The notice covers a proposed sale of 3,200 shares of UNITED BANKSHARES INC/WV common stock. Based on the information provided, the total market value for these shares is approximately $148,734.40.

When were the UBSI shares originally acquired and how?

The 3,200 UNITED BANKSHARES INC/WV common shares were originally acquired on 09/15/2009 through a Restricted Stock Award from the issuer, as indicated in the securities-to-be-sold section of the notice.

How many UNITED BANKSHARES INC/WV shares are outstanding in this Form 144?

The Form 144 states that there are 136,212,571 shares of UNITED BANKSHARES INC/WV common stock outstanding. This figure provides context for the relative size of the proposed 3,200-share sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature