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.
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.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 3,200 shares of common stock
Approximate market value of shares to be sold: $148,734.40
Shares outstanding: 136,212,571 shares
+2 more
5 metrics
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
Key Terms
Rule 144, Restricted Stock Award, Revocable Trust
3 terms
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.