[Form 4] United Bankshares Inc Insider Trading Activity

Rhea-AI Filing Summary

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.

Positive

• Disclosure compliance: The reporting person filed Form 4 and disclosed both direct and indirect holdings, including phantom stock details
• Indirect holdings retained: 36,800 shares via Bray & Oakley Insurance and 1,000 shares held by spouse remain disclosed

Negative

• Large direct disposition: A disposal of 457,070 common shares materially reduces the reporting person’s direct stake
• No explanatory detail provided: The filing does not specify a 10b5-1 plan or reason for the sale in the provided text

Insights

Corporate Governance Expert

TL;DR: Large insider sale by a director reduces direct stake materially but indirect holdings remain; timing appears a routine disclosure.

The report shows a sizable direct disposition of 457,070 shares by Director Winter P. Clinton, bringing reported direct beneficial ownership to 53,860 shares. Indirect holdings of 36,800 shares via Bray & Oakley Insurance and 1,000 shares held by a spouse remain disclosed. The filing also records 662 phantom stock units payable in cash on termination, with an underlying share-equivalent and a reported price of $38.231. From a governance perspective, the filing appropriately discloses ownership changes and indirect interests; however, the magnitude of the direct sale is material relative to the remaining direct stake and should be noted by stakeholders monitoring insider alignment.

Securities Analyst

TL;DR: Insider disposed of a large block; disclosure is clear but provides no rationale or trading plan details.

The Form 4 indicates a disposal code (D) of 457,070 common shares on 08/26/2025 and reports remaining direct beneficial ownership at 53,860 shares. The filing includes phantom stock (662 units) paid in cash on termination and lists an underlying per-share price of $38.231 for those units. There is no amendment date or 10b5-1 plan checkbox marked in the excerpt, and the form is filed by one reporting person. For investors and analysts, the transaction is a verifiable change in insider holdings but the filing contains no explanatory context such as use of proceeds or pre-arranged plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WINTER P CLINTON

(Last) (First) (Middle)

514 MARKET ST

(Street)

PARKERSBURG WV 26101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED BANKSHARES INC/WV [ UBSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								457,070	D
Common Stock								36,800	I	Bray & Oakley Insurance
Common Stock								1,000	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	08/26/2025	08/26/2025	P		662		(2)	(2)	Common Stock	662	$38.231	53,860	D

Explanation of Responses:

1. 1 for 1

2. Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.

	Shelli L. Adams	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Winter P. Clinton report for UBSI?

He reported a disposition of 457,070 UBSI common shares on 08/26/2025, leaving 53,860 shares beneficially owned directly.

Does Winter P. Clinton hold any indirect UBSI shares?

Yes. He reports indirect ownership of 36,800 shares via Bray & Oakley Insurance and 1,000 shares held by his spouse.

What are the phantom stock details reported on this Form 4?

662 units of phantom stock were reported on 08/26/2025; these units are payable in cash following termination and correspond to 662 underlying shares at $38.231 per share as shown.

Was this Form 4 filed jointly or by one person?

The Form 4 was filed by one reporting person (the filing indicates a single reporting person).

Does the Form 4 indicate a 10b5-1 trading plan or amendment?

No 10b5-1 plan checkbox or amendment date is provided in the supplied content.