UBSI (UBSI) director adds phantom stock and reports large share holdings

Rhea-AI Filing Summary

UNITED BANKSHARES INC/WV director WINTER P CLINTON reported an open-market purchase of 62 units of Phantom Stock at $41.70 on March 4, 2026, bringing his phantom stock balance to 56,736 units. These phantom shares are payable in cash after his employment ends. He also reports 458,658 shares of UBSI common stock held directly, plus indirect common stock holdings through Bray & Oakley Insurance and his spouse.

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

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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^*

WINTER P CLINTON

(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)
03/04/2026

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								458,658	D
Common Stock								36,800	I	Bray & Oakley Insurance
Common Stock								1,000	I	By Spouse

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)	03/04/2026	03/04/2026	P		62		(2)	(2)	Common Stock	62	$41.7	56,736	D

Explanation of Responses:

1. 1 for 1

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

	Shelli L. Adams	03/05/2026
	** 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 WINTER P CLINTON report for UBSI?

Director WINTER P CLINTON reported buying 62 units of UBSI phantom stock on March 4, 2026 at $41.70 per unit. This increased his phantom stock holdings to 56,736 units, according to the Form 4 insider filing.

What is the nature of the phantom stock reported for UBSI?

The filing shows phantom stock awarded on a 1-for-1 basis, payable in cash after the director’s termination of employment with UNITED BANKSHARES INC/WV. It tracks the company’s stock value but settles in cash rather than delivering actual UBSI shares.

How many UBSI phantom stock units does WINTER P CLINTON hold after this transaction?

After purchasing 62 phantom stock units at $41.70, WINTER P CLINTON holds a total of 56,736 phantom stock units. These are cash-settled units that reference UNITED BANKSHARES INC/WV’s stock value and are payable following his termination of employment.

How many UBSI common shares does WINTER P CLINTON report owning directly and indirectly?

He reports 458,658 UBSI common shares held directly. Indirectly, he reports 36,800 common shares through Bray & Oakley Insurance and 1,000 common shares held by his spouse, giving a substantial combined reported ownership position tied to UNITED BANKSHARES INC/WV.

Does the UBSI Form 4 show any insider stock sales by WINTER P CLINTON?

The Form 4 shows no reported stock sales. It records one open-market purchase of 62 phantom stock units and updates his direct and indirect common stock holdings. The transaction summary indicates a net-buy direction based on the reported activity.

What does the Form 4 footnote say about UBSI phantom stock for WINTER P CLINTON?

Footnotes state the phantom stock is on a 1-for-1 basis and is payable in cash after the reporting person’s termination of employment with UNITED BANKSHARES INC/WV. This clarifies that these awards settle in cash instead of delivering UBSI common shares.