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.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider ADAMS RICHARD M JR

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	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 — 14,761 shares (Direct); Common Stock — 16,620.378 shares (Indirect, By 401k)

Footnotes (1)

1. 1 for 1 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. Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

ADAMS RICHARD 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026	02/20/2026	F		4,530	D	$44.07	183,859.392	D
Common Stock								16,620.3776	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)							(2)	(3)	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. 1 for 1

2. 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.

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

	Shelli L. Adams	02/24/2026
	** 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.

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.

At what price were the UBSI shares used for the tax-withholding disposition?

The 4,530 United Bankshares common shares surrendered for tax withholding were valued at $44.07 per share. This value is used to determine the tax payment amount when settling obligations through delivering already-owned stock instead of paying cash.

How many United Bankshares common shares does the CEO hold directly after this filing?

Following the tax-withholding disposition, Richard M. Adams Jr. directly holds 183,859.392 shares of United Bankshares common stock. This figure reflects his remaining direct ownership after 4,530 shares were delivered to satisfy tax-related obligations on February 20, 2026.

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.

What indirect United Bankshares holdings are reported for the CEO?

The Form 4 lists indirect ownership of United Bankshares common stock through a 401(k) plan and a trust for children. The 401(k) holds 16,620.3776 shares, and the trust holds 10,986.084 shares, both reported as indirect beneficial ownership interests.