[Form 4] United Bankshares Inc Insider Trading Activity

United Bankshares Inc. director Winter P. Clinton reported a purchase of 662 phantom stock units on August 26, 2025, at $38.231 per unit.

Rhea-AI Filing Summary

United Bankshares Inc. director Winter P. Clinton reported a purchase of 662 phantom stock units on August 26, 2025, at $38.231 per unit. These phantom stock units are tied 1-for-1 to United Bankshares common stock and are payable in cash after the end of the reporting person’s employment with the company.

Following this transaction, Clinton held 53,860 phantom stock units directly. The Form 4 also shows direct ownership of 457,070 shares of United Bankshares common stock, plus indirect holdings of 36,800 shares through Bray & Oakley Insurance and 1,000 shares held by a spouse.

Insider Trade Summary

Net Buyer: 662 shares

Net Buy 4 txns

Insider WINTER P CLINTON

Role Director

Bought 662 shs ($25K)

Type	Security	Shares	Price	Value
Purchase	Phantom Stock	662	$38.231	$25K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 53,860 contracts (Direct); Common Stock — 457,070 shares (Direct); Common Stock — 36,800 shares (Indirect, Bray & Oakley Insurance); Common Stock — 1,000 shares (Indirect, By Spouse)

Footnotes (2)

1. F1. 1 for 1
2. F2. Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Winter P. Clinton reported buying 662 phantom stock units on August 26, 2025, at $38.231 each. These units mirror United Bankshares common stock value and are settled in cash after employment ends, aligning compensation with shareholder performance over time.

How many UBSI phantom stock units does Winter P. Clinton hold after this Form 4?

After the reported transaction, Winter P. Clinton directly holds 53,860 phantom stock units. Each unit is linked 1-for-1 to United Bankshares common stock and is payable in cash upon termination of employment with the company, according to the filing’s footnotes.

What common stock holdings of UBSI does Winter P. Clinton report?

The filing shows direct ownership of 457,070 United Bankshares common shares. It also reports 36,800 shares held indirectly through Bray & Oakley Insurance and 1,000 shares held indirectly by a spouse, reflecting both personal and related-entity interests in UBSI stock.

How is UBSI phantom stock described in Winter P. Clinton’s Form 4?

The phantom stock is described as having a 1-for-1 relationship with United Bankshares common stock and being payable in cash. Payment occurs after the reporting person’s termination of employment with UBSI, making it a cash-settled, stock-linked incentive rather than actual share ownership.

What is the transaction code used for the UBSI phantom stock purchase?

The transaction uses code “P,” indicating a purchase in an open-market or private transaction. On August 26, 2025, Winter P. Clinton acquired 662 phantom stock units at $38.231 per unit, increasing the total directly held phantom units to 53,860 after the transaction.

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

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Accepted by SEC EDGAR 08/27/2025 - 02:39 PM Learn about SEC filing dates

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
Estimated average burden
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.