How does the Form 4 affect Richard M. Adams Jr.’s UBSI share ownership?

Following the restricted stock unit grant, Richard M. Adams Jr.’s directly held UBSI common stock increased to 188,389.392 shares. This figure reflects his updated direct ownership and excludes additional indirect holdings through retirement plans and trusts.

What indirect UBSI share holdings are reported for Richard M. Adams Jr.?

The Form 4 reports indirect UBSI common stock ownership of 16,620.3776 shares through a 401(k) plan and 10,986.084 shares in a trust for children. The 401(k) balance includes additional shares accumulated since his prior 401(k) ownership report.

UBSI CEO granted 26,209 restricted shares

UNITED BANKSHARES INC/WV reported that Chief Executive Officer Richard M. Adams Jr. acquired 26,209 shares of common stock on February 19, 2026 through a grant of restricted stock units at a stated price of $0.00 per share.

Accepted by SEC EDGAR 02/20/2026 - 11:26 AM EST

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Rhea-AI Filing Summary

UNITED BANKSHARES INC/WV reported that Chief Executive Officer Richard M. Adams Jr. acquired 26,209 shares of common stock on February 19, 2026 through a grant of restricted stock units at a stated price of $0.00 per share.

After this award, his directly held common stock increased to 188,389.392 shares. The restricted stock unit grant is scheduled to vest in three equal annual installments. The filing also updates holdings in phantom stock and stock options, as well as indirect common stock held through a 401(k) plan and a trust for children.

Insider Trade Summary

Grant/Award: 26,209 shares

Grant/Award 1 txn

Insider ADAMS RICHARD M JR

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	26,209	$0.00	$0.00
Holding	Phantom Stock	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 188,389.392 shares (Direct); Phantom Stock — 254.151 contracts (Direct); Stock Option — 65,875 contracts (Direct); Common Stock — 16,620.3776 shares (Indirect, By 401k); Common Stock — 10,986.084 shares (Indirect, Trust for Children)

Holdings Before and After: Common Stock, 162,180.392 to 188,389.392 shares (Direct)

Footnotes (5)

F1. Shares were acquired pursuant to a grant of restricted stock units. The award vests in three equal annual installments.
F2. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
F3. 1 for 1
F4. The reporting person's shares of phantom stock arose through his deferral of compensation under the United Bankshares, Inc., Non-qualified Retirement and Savings Plan (the Plan). Shares of phantom stock are exercisable immediately.
F5. 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 CEO Richard M. Adams Jr. report?

Richard M. Adams Jr., CEO of UBSI, reported acquiring 26,209 common shares via a restricted stock unit grant. The award was recorded at $0.00 per share and represents equity-based compensation rather than an open-market purchase.

How will the new UBSI restricted stock units granted to the CEO vest?

The 26,209-share restricted stock unit award to the UBSI CEO vests in three equal annual installments. This structure ties the compensation to continued service and performance over multiple years, rather than providing all shares immediately.

What does the Form 4 say about UBSI phantom stock held by the CEO?

The filing shows 254.151 shares of phantom stock held directly, arising from deferred compensation under a non-qualified retirement and savings plan. These phantom shares are exercisable immediately and will be paid in cash after termination of employment with UBSI.

Are the UBSI CEO’s new shares from a market purchase or an equity grant?

The 26,209 UBSI shares were acquired through a restricted stock unit grant, not a market purchase. The transaction is coded as a grant or award, with a reported price of $0.00 per share, indicating compensation-based issuance.

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

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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^*

ADAMS RICHARD M JR

(Last)

(First)

(Middle)

514 MARKET ST

(Street)

PARKERSBURG

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
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/19/2026	02/19/2026	A		26,209⁽¹⁾	A	$0.0000	188,389.392	D
Common Stock								16,620.3776⁽²⁾	I	By 401k
Common Stock								10,986.084	I	Trust for Children

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽³⁾							⁽⁴⁾	⁽⁵⁾	Common Stock	254.151		254.151	D
Stock Option	$32.51							02/24/2020	02/24/2030	Common Stock	14,761		14,761	D
Stock Option	$32.51							02/24/2021	02/24/2030	Common Stock	7,381		7,381	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	16,060		16,060	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	11,613		11,613	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	16,060		16,060	D

Explanation of Responses:

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

2. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.

3. 1 for 1

4. The reporting person's shares of phantom stock arose through his deferral of compensation under the United Bankshares, Inc., Non-qualified Retirement and Savings Plan (the Plan). Shares of phantom stock are exercisable immediately.

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

	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.
* 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.

Source: View Original Filing on SEC EDGAR