UBSI EVP reports tax-withholding share disposition

UNITED BANKSHARES INC/WV executive Henry M. Kayes Jr. reported tax-related share dispositions tied to equity awards.

Rhea-AI Filing Summary

UNITED BANKSHARES INC/WV executive Henry M. Kayes Jr. reported tax-related share dispositions tied to equity awards. On February 22 and 23, he disposed of 737 and 413 shares of common stock, respectively, at $44.28 per share, as payment of tax liability by delivering securities rather than through open-market sales.

After these transactions, he directly owned 37,579.636 common shares. Additional indirect holdings were reported through a 401(k), immediate family, and a spouse’s IRA, reflecting shares held in retirement and family-related accounts.

Insider Trade Summary

Exercise Price or Tax Liability: 1,150 shares

Exercise Price or Tax Liability 9 txns

Insider KAYES HENRY M JR

Role EVP

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	413	$44.28	$18K
Exercise Price or Tax Liability	Common Stock	737	$44.28	$33K
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 37,579.636 shares (Direct); Stock Option — 10,689 contracts (Direct); Common Stock — 3,145.439 shares (Indirect, By 401k); Common Stock — 788 shares (Indirect, By Immediate Family); Common Stock — 206.022 shares (Indirect, By Wife- IRA)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did UBSI executive Henry M. Kayes Jr. report?

Henry M. Kayes Jr. reported two tax-withholding dispositions of UNITED BANKSHARES INC/WV common stock. He delivered 737 and 413 shares at $44.28 per share to cover tax liabilities associated with equity awards, rather than selling shares in open-market transactions.

Were the UBSI insider transactions open-market sales of stock?

No, the UBSI transactions were not open-market sales. They were coded as Form 4 code F, meaning shares were withheld or delivered to satisfy tax liabilities or exercise costs on equity awards, a common administrative mechanism rather than a discretionary stock sale.

How many UNITED BANKSHARES INC/WV shares did Henry M. Kayes Jr. dispose of for taxes?

He disposed of a total of 1,150 UBSI common shares for tax purposes, through two Form 4 code F transactions of 737 and 413 shares at $44.28 per share, reflecting payment of tax liabilities by delivering securities instead of cash.

What is Henry M. Kayes Jr.’s direct UBSI share ownership after these Form 4 transactions?

After the reported tax-withholding dispositions, Henry M. Kayes Jr. directly owned 37,579.636 UNITED BANKSHARES INC/WV common shares. This figure reflects his remaining direct holdings following the delivery of shares to satisfy associated tax obligations on his equity compensation.

Does the UBSI Form 4 show any indirect holdings for Henry M. Kayes Jr.?

Yes, the Form 4 lists indirect UBSI common stock holdings. These include shares held through a 401(k) plan, by immediate family, and in his wife’s IRA, indicating additional ownership interests beyond his directly held 37,579.636 common shares reported after the tax-related transactions.

What does Form 4 transaction code F mean in the UBSI filing?

In the UBSI filing, transaction code F indicates payment of an exercise price or tax liability by delivering securities. For Henry M. Kayes Jr., it shows that common shares were used to cover tax obligations tied to equity awards, not initiated as regular market sales.

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

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Accepted by SEC EDGAR 02/25/2026 - 04:48 PM Learn about SEC filing dates

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^*

KAYES HENRY M JR

(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)
	EVP

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		737	D	$44.28	37,992.636	D
Common Stock	02/23/2026	02/23/2026	F		413	D	$44.28	37,579.636	D
Common Stock								3,145.439	I	By 401k
Common Stock								788	I	By Immediate Family
Common Stock								206.022	I	By Wife- IRA

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	1,089		1,089	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.