UBSI (UBSI) EVP Michael Proctor receives 1,929-share restricted stock grant
Rhea-AI Filing Summary
Proctor Michael reported acquisition or exercise transactions in this Form 4 filing.
UNITED BANKSHARES INC/WV reported that Executive Vice President Michael Proctor received a grant of 1,929 shares of common stock on February 19, 2026 as a restricted stock award. The footnotes state this award vests in three equal annual installments.
After this award, Proctor directly held 12,179.7914 common shares. The filing also updates his direct holdings of several stock option positions and his indirect ownership of 4,593.9466 common shares held through a 401(k) plan and dividend reinvestment activity as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,929 shares
Net Buy
6 txns
Insider
Proctor Michael
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,929 | $0.00 | $0.00 |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,179.7914 shares (Direct);
Stock Option — 6,406 shares (Direct);
Common Stock — 4,593.9466 shares (Indirect, By 401k)
Footnotes (3)
- F1. Shares were acquired pursuant to a grant of restricted stock awards. The award vests in three equal annual installments.
- F2. Additional stock acquired in the Dividend Reinvestment Plan.
- F3. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
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FAQ
What insider transaction did UBSI Executive Vice President Michael Proctor report?
Michael Proctor reported receiving a grant of 1,929 shares of UNITED BANKSHARES INC/WV common stock. The award is structured as restricted stock that vests in three equal annual installments, increasing his direct ownership to 12,179.7914 shares as of February 19, 2026.
How do Michael Proctor’s restricted stock awards at UBSI vest over time?
The restricted stock award to Michael Proctor vests in three equal annual installments. This means the 1,929 granted shares of UNITED BANKSHARES INC/WV common stock become fully his over three years, aligning ongoing ownership with continued service at the company.