United Bankshares (NASDAQ: UBSI) director family adds DRIP shares

Rhea-AI Filing Summary

United Bankshares director Rice Lacy I III reported a small insider share increase linked to a dividend reinvestment. On January 28, 2026, an immediate family member acquired 101 shares of United Bankshares common stock at $41.5942 per share through the Dividend Reinvestment Plan, reported as indirect ownership. Following this, Lacy also reported holding 36,966.1057 shares of common stock directly.

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)
01/28/2026

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	01/28/2026	01/28/2026	P		101	A	$41.5942	101	I	By Immediate Family
Common Stock								36,966.1057(1)	D

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. Additional stock acquired in the Dividend Reinvestment Plan.

	Shelli L. Adams	01/28/2026
	** 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).
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FAQ

What insider transaction did UBSI director Rice Lacy I III report?

Rice Lacy I III reported an indirect purchase of 101 United Bankshares (UBSI) common shares. The shares were acquired by an immediate family member through the Dividend Reinvestment Plan at a price of $41.5942 per share on January 28, 2026.

At what price were the UBSI shares acquired in the latest insider filing?

The insider transaction reported an acquisition price of $41.5942 per United Bankshares (UBSI) common share. These 101 shares were obtained through the Dividend Reinvestment Plan, reflecting automatic reinvestment of dividends rather than an open-market discretionary purchase.

How many UBSI shares does Rice Lacy I III report owning after this transaction?

After the reported activity, Rice Lacy I III reports direct beneficial ownership of 36,966.1057 United Bankshares (UBSI) common shares. Separately, 101 shares are reported as indirectly owned through an immediate family member, reflecting stock acquired via the Dividend Reinvestment Plan.

Is the UBSI insider purchase held directly or indirectly by the reporting person?

The 101 United Bankshares (UBSI) shares are reported as indirectly owned, categorized as “By Immediate Family.” This means the shares are held by an immediate family member, though the transaction is still reportable by director Rice Lacy I III on Form 4.

What is the significance of the Dividend Reinvestment Plan in this UBSI Form 4?

The filing notes the additional 101 UBSI shares were acquired through the Dividend Reinvestment Plan. This indicates the purchase resulted from automatic reinvestment of cash dividends into stock, rather than a discretionary open-market buy order placed by the director or family member.