United Bankshares (UBSI) EVP uses company shares to cover tax withholding

Rhea-AI Filing Summary

United Bankshares, Inc. Executive Vice President Charles J. Mildren reported two share dispositions used to satisfy tax withholding obligations. On February 22 and 23, he transferred 332 and 280 shares of common stock at $44.28 per share. After these transactions, he directly holds 20,866.541 common shares and also reports indirect holdings through a 401(k) plan and immediate family accounts.

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^*

Mildren Charles J.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

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	02/22/2026	02/22/2026	F		332	D	$44.28	21,146.541	D
Common Stock	02/23/2026	02/23/2026	F		280	D	$44.28	20,866.541	D
Common Stock								7,174.8355	I	By 401k
Common Stock								652.369	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
Stock Option	$32.51							02/24/2020	02/24/2030	Common Stock	1,453		1,453	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	3,200		3,200	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	3,200		3,200	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	3,200		3,200	D

Explanation of Responses:

	Shelli L. Adams	02/25/2026
	** 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 activity did UBSI Executive Vice President Charles J. Mildren report?

Charles J. Mildren reported two dispositions of United Bankshares common stock to cover tax withholding obligations. He transferred 332 shares and 280 shares at $44.28 per share, while retaining a significant direct position plus additional indirect holdings through a 401(k) plan and family accounts.

How many UBSI shares did Charles J. Mildren use for tax withholding?

He used a total of 612 United Bankshares common shares for tax withholding, in two transactions of 332 and 280 shares. Both were recorded at a price of $44.28 per share and are coded as tax-related share deliveries rather than open-market sales.

How many UBSI shares does Charles J. Mildren own after these transactions?

After these tax-withholding dispositions, Charles J. Mildren directly holds 20,866.541 United Bankshares common shares. He also reports indirect ownership of 7,174.8355 shares through a 401(k) plan and 652.369 shares held by immediate family, reflecting combined economic exposure beyond his direct account.

Were Charles J. Mildren’s UBSI share transactions open-market sales?

No, the transactions are reported as dispositions to satisfy tax obligations by delivering shares, not open-market sales. The Form 4 uses transaction code F, described as payment of exercise price or tax liability by delivering securities, indicating administrative tax withholding activity.

What is the reported price for Charles J. Mildren’s recent UBSI share dispositions?

Both tax-withholding dispositions are reported at $44.28 per United Bankshares common share. This price is used to value the 332 and 280 shares delivered for tax purposes, helping quantify the size of the transactions without implying a separate negotiated market trade.

What indirect UBSI share holdings are associated with Charles J. Mildren?

He reports indirect ownership of United Bankshares common stock through a 401(k) plan and immediate family. The holdings total 7,174.8355 shares via the 401(k) and 652.369 shares via immediate family, in addition to his directly held 20,866.541 shares after the reported transactions.