Restricted stock grant lifts United Bankshares (UBSI) director’s share holdings

Rhea-AI Filing Summary

Rice Lacy I III reported acquisition or exercise transactions in this Form 4 filing.

United Bankshares director Rice Lacy I III received a grant of 1,588 shares of United Bankshares common stock as a restricted stock award. The filing states this award vests in three equal annual installments, meaning portions of the grant will become fully owned over three years.

After this grant, his directly held common stock position increased to 38,581.3597 shares. He also reports indirect ownership of 101 shares held by his immediate family, reflecting additional, family-related holdings separate from his direct stake.

Insights

Equity compensation analyst

Director received routine restricted stock, modestly increasing his equity stake.

The Form 4 shows Rice Lacy I III, a director of United Bankshares, was granted 1,588 shares of restricted common stock at no stated purchase price. The award vests in three equal annual installments, aligning his compensation with long-term company performance.

Following this grant, his direct holdings rise to 38,581.3597 shares, with an additional 101 shares reported as indirect ownership by immediate family. This appears to be standard director equity compensation rather than an open-market purchase or sale, so it does not materially change the overall investment thesis.

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

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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^*

Rice Lacy I III

(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)
02/19/2026

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	02/19/2026	02/19/2026	A		1,588(1)	A	$0.0000	38,581.3597(2)	D
Common Stock								101	I	By Immediate Family

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

Explanation of Responses:

1. Shares were acquired pursuant to a grant of restricted stock. The award vests in three equal annual installments.

2. Additional stock acquired in the Dividend Reinvestment Plan.

	Shelli L. Adams	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did United Bankshares (UBSI) director Rice Lacy I III report on this Form 4?

He reported receiving a grant of 1,588 shares of United Bankshares common stock as restricted stock. The filing also updates his direct ownership to 38,581.3597 shares and notes 101 shares held indirectly by his immediate family.

How many United Bankshares (UBSI) shares were granted to the director and on what terms?

The director received 1,588 shares of United Bankshares common stock as a restricted stock award. According to the filing footnote, the award vests in three equal annual installments, so one-third becomes fully owned each year over three years.

Does the United Bankshares (UBSI) Form 4 show a market purchase or sale of shares?

No, the Form 4 shows an acquisition coded as a grant, award, or other acquisition, not an open-market trade. The 1,588 shares were received as restricted stock, with no purchase price per share reported in the transaction details.

What is Rice Lacy I III’s United Bankshares (UBSI) share ownership after this transaction?

After the restricted stock grant, his direct ownership is 38,581.3597 United Bankshares common shares. The filing also reports indirect ownership of 101 shares held by his immediate family, reflecting a smaller, family-related position separate from his direct holdings.

How does the restricted stock award for the United Bankshares (UBSI) director vest?

The award vests in three equal annual installments, according to the footnote. That means the 1,588 restricted shares become fully owned in three stages, with one-third vesting each year over a three-year period, encouraging longer-term alignment with the company.

What indirect United Bankshares (UBSI) holdings are disclosed for the director on this Form 4?

The Form 4 reports 101 United Bankshares common shares as indirectly owned by his immediate family. This indirect stake is separate from his 38,581.3597 directly owned shares and reflects family-held stock rather than shares held in his own name.