United Bankshares EVP granted 1,929 restricted shares

Schultheis Anna J reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 02/20/2026 - 12:17 PM EST

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Form Type

Rhea-AI Filing Summary

Schultheis Anna J reported acquisition or exercise transactions in this Form 4 filing.

United Bankshares Executive Vice President Anna J. Schultheis received a grant of 1,929 shares of common stock as restricted stock awards at no cash cost. The award vests in three equal annual installments. After the grant, she directly owns 12,574.5687 shares, plus additional indirect holdings via a 401k plan and her spouse.

Insider Trade Summary

Grant/Award: 1,929 shares

Grant/Award 1 txn

Insider Schultheis Anna J

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,929	$0.00	$0.00
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 12,574.5687 shares (Direct); Stock Option — 6,043 contracts (Direct); Common Stock — 13,199.9533 shares (Indirect, By 401k); Common Stock — 1,228.951 shares (Indirect, Indirect by Spouse)

Holdings Before and After: Common Stock, 10,645.5687 to 12,574.5687 shares (Direct)

Footnotes (2)

F1. Shares were acquired pursuant to a grant of restricted stock awards. The award vests in three equal annual installments.
F2. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.

FAQ

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What insider transaction did UBSI report for Anna J. Schultheis?

United Bankshares reported that Executive Vice President Anna J. Schultheis received a grant of 1,929 shares of common stock as restricted stock awards. The grant was reported at a price of $0.00 per share, reflecting an equity incentive rather than a cash purchase.

How do the new UBSI restricted stock awards vest for Anna J. Schultheis?

The 1,929-share restricted stock award to Anna J. Schultheis vests in three equal annual installments. This means one-third of the shares becomes unrestricted each year, aligning her compensation with longer-term company performance and encouraging continued service over the multi‑year vesting period.

How many United Bankshares shares does Anna J. Schultheis now hold directly?

After the restricted stock grant, Anna J. Schultheis directly owns 12,574.5687 shares of United Bankshares common stock. This figure reflects her direct holdings only and excludes additional indirect ownership through the company’s 401k plan and shares attributed to her spouse.

What indirect UBSI holdings are reported for Anna J. Schultheis?

Anna J. Schultheis has indirect ownership of United Bankshares shares through a 401k plan and her spouse. The filing notes 13,199.9533 common shares held by a UBSI 401k account and 1,228.9510 common shares held indirectly by her spouse, in addition to her direct holdings.

Was the UBSI restricted stock grant to Anna J. Schultheis a market purchase?

No, the 1,929-share award to Anna J. Schultheis was a grant of restricted stock, not an open‑market purchase. The transaction price is listed as $0.00 per share, indicating it was part of an equity compensation program rather than a cash investment in the stock.

What does the UBSI Form 4 say about additional 401k shares for Anna J. Schultheis?

The filing notes that the reported 401k holdings include additional shares acquired under the UBSI 401k plan since her last 401k ownership report. This language indicates periodic accumulation within the retirement plan, rather than a single, discrete transaction in the open market.

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

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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^*

Schultheis Anna J

(Last)

(First)

(Middle)

514 MARKET ST

(Street)

PARKERSBURG

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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/19/2026		A		1,929⁽¹⁾	A	$0.0000	12,574.5687	D
Common Stock								13,199.9533⁽²⁾	I	By 401k
Common Stock								1,228.951	I	Indirect 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$32.51							02/24/2020	02/24/2030	Common Stock	793		793	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	1,750		1,750	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	1,750		1,750	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	1,750		1,750	D

Explanation of Responses:

1. Shares were acquired pursuant to a grant of restricted stock awards. The award vests in three equal annual installments.

2. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.

	Shelli L. Adams	02/20/2026
	** 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.

Source: View Original Filing on SEC EDGAR