United Bankshares (UBSI) CEO records tax-withholding stock disposition
Rhea-AI Filing Summary
United Bankshares, Inc. CEO Richard M. Adams Jr. reported a tax-related share disposition. On February 20, 2026, he surrendered 4,530 shares of common stock at $44.07 per share to cover tax withholding obligations, classified as a “payment of exercise price or tax liability by delivering securities.”
After this transaction, his directly held common stock position was 183,859.392 shares. The filing also updates holdings in phantom stock, stock options, and indirectly held common shares in a 401(k) plan and a trust for children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,530 shares
Net Sell
9 txns
Insider
ADAMS RICHARD M JR
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,530 | $44.07 | $200K |
| 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 — 183,859.392 shares (Direct);
Phantom Stock — 254.151 shares (Direct);
Stock Option — 65,875 shares (Direct);
Common Stock — 16,620.3776 shares (Indirect, By 401k);
Common Stock — 10,986.084 shares (Indirect, Trust for Children)
Footnotes (3)
- F1. 1 for 1
- F2. 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.
- F3. Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did UBSI CEO Richard M. Adams Jr. report?
Richard M. Adams Jr. reported surrendering 4,530 shares of United Bankshares common stock to cover tax withholding. The shares were valued at $44.07 each and classified as a payment of exercise price or tax liability by delivering securities.
Does the UBSI CEO hold any phantom stock according to this Form 4?
Yes. The Form 4 shows Richard M. Adams Jr. holding 254.151 units of phantom stock. These units arose from deferred compensation under United Bankshares’ Non-qualified Retirement and Savings Plan and are payable in cash following his termination of employment with the company.
What does the Form 4 say about UBSI phantom stock exercisability and payout?
The filing notes that phantom stock units are exercisable immediately but are not settled in shares. Instead, they are payable in cash after the reporting person’s termination of employment, under United Bankshares’ Non-qualified Retirement and Savings Plan for deferred compensation.