United Bankshares (UBSI) director adds 51 cash-settled phantom stock units
Rhea-AI Filing Summary
United Bankshares director Winter P. Clinton reported buying 51 units of Phantom Stock on August 4, 2026 at $48.77 per unit. Each unit tracks one share of UBSI common stock on a 1-for-1 basis and is payable in cash after his termination of employment. Following this transaction he holds 58,678 phantom stock units, 458,658 shares of common stock directly, and additional indirect holdings of 36,800 shares through Bray & Oakley Insurance and 1,000 shares held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
WINTER P CLINTON
Role
Director
Bought
51 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Phantom Stock F1, F2 | 51 | $48.77 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 58,678 shares (Direct);
Common Stock — 458,658 shares (Direct);
Common Stock — 36,800 shares (Indirect, Bray & Oakley Insurance);
Common Stock — 1,000 shares (Indirect, By Spouse)
Footnotes (2)
- F1. 1 for 1
- F2. Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.
Key Figures
Phantom stock units purchased: 51 units
Purchase price per phantom unit: $48.77
Phantom stock holdings after transaction: 58,678 units
+3 more
6 metrics
Phantom stock units purchased
51 units
Phantom Stock units bought on August 4, 2026
Purchase price per phantom unit
$48.77
Price per unit for Phantom Stock purchase
Phantom stock holdings after transaction
58,678 units
Total Phantom Stock units reported following the purchase
Direct common stock holdings
458,658 shares
UBSI common shares held directly after the reported transaction
Indirect holdings via Bray & Oakley Insurance
36,800 shares
UBSI common shares reported as held indirectly through Bray & Oakley Insurance
Indirect holdings by spouse
1,000 shares
UBSI common shares reported as held indirectly by spouse
Key Terms
Phantom Stock, underlying security, indirect ownership, termination of employment
4 terms
Phantom Stock financial
"Security title reported as Phantom Stock with cash-settled value"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
underlying security financial
"Underlying security title is listed as Common Stock for the derivative"
indirect ownership financial
"Common Stock holdings reported as indirect with nature of ownership details"
termination of employment financial
"Phantom stock is payable in cash following termination of employment"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Winter P. Clinton report at UBSI?
Winter P. Clinton reported purchasing 51 units of Phantom Stock tied to United Bankshares (UBSI) common stock at $48.77 per unit on August 4, 2026. These phantom units are cash-settled and linked 1-for-1 to UBSI common shares.
How many phantom stock units does the UBSI director hold after this transaction?
After the reported purchase, Winter P. Clinton holds 58,678 phantom stock units. Each unit tracks one UBSI common share and will be payable in cash following his termination of employment with United Bankshares.
What common stock holdings does Winter P. Clinton report in UBSI?
Winter P. Clinton reports 458,658 UBSI common shares held directly. He also reports 36,800 shares held indirectly through Bray & Oakley Insurance and 1,000 shares held indirectly by his spouse, as of the same reporting date.
How is UBSI phantom stock structured for Winter P. Clinton?
The reported UBSI Phantom Stock units are linked 1-for-1 to common stock but are payable in cash after Clinton’s termination of employment. They provide value based on UBSI’s share price without issuing additional common shares.
Was Winter P. Clinton’s UBSI phantom stock purchase under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating the reported UBSI phantom stock purchase was not designated as made pursuant to a Rule 10b5-1 trading plan based on the form’s disclosure.