United Bankshares EVP uses shares for tax withholding

United Bankshares Executive Vice President Michael Proctor reported a tax-related share disposition.

Accepted by SEC EDGAR 02/24/2026 - 03:10 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

United Bankshares Executive Vice President Michael Proctor reported a tax-related share disposition. On February 20, 2026, he transferred 295 shares of United Bankshares common stock at $44.07 per share to cover tax withholding obligations. After this, he directly held 11,884.7914 common shares and had additional indirect ownership of 4,593.9466 common shares through a 401(k) plan, along with several stock option positions reported as holdings.

Insider Trade Summary

Exercise Price or Tax Liability: 295 shares

Exercise Price or Tax Liability 1 txn

Insider Proctor Michael

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	295	$44.07	$13K
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Stock Option	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,884.7914 shares (Direct); Stock Option — 6,406 contracts (Direct); Common Stock — 4,593.9466 shares (Indirect, By 401k)

Holdings Before and After: Common Stock, 12,179.7914 to 11,884.7914 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UBSI Executive Vice President Michael Proctor report?

Michael Proctor reported a tax-withholding disposition of United Bankshares common stock. On February 20, 2026, he transferred 295 shares at $44.07 per share to satisfy tax obligations, rather than executing an open-market sale of shares.

How many United Bankshares (UBSI) shares did Michael Proctor dispose of for taxes?

Michael Proctor disposed of 295 shares of United Bankshares common stock to cover taxes. The shares were valued at $44.07 per share, and the transaction was coded as a tax-withholding event, not a traditional open-market sale.

How many UBSI shares does Michael Proctor own after this Form 4 filing?

After the transaction, Michael Proctor directly owned 11,884.7914 shares of United Bankshares common stock. He also had 4,593.9466 shares held indirectly through a 401(k) plan, in addition to several reported stock option positions.

Was the UBSI insider transaction by Michael Proctor a market sale or tax withholding?

The transaction was a tax-withholding disposition, not an open-market sale. It was coded as “F”, meaning shares were delivered to cover tax liabilities associated with equity compensation, rather than being sold on the open market.

What stock option positions did Michael Proctor report in the UBSI Form 4?

Michael Proctor reported several stock option holdings as of February 20, 2026. These included positions with 906, 2,000, 2,000, and 1,500 options, all listed as direct holdings, without specific exercise prices in the provided data.

How is Michael Proctor’s indirect ownership in UBSI structured?

Michael Proctor’s indirect ownership consists of 4,593.9466 UBSI common shares held by a 401(k) plan. This is reported as indirect ownership, separate from his directly held common shares and stock option positions disclosed in the Form 4.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Proctor Michael

(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)

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

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		295	D	$44.07	11,884.7914	D
Common Stock								4,593.9466	I	By 401k

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
Stock Option	$32.51							02/24/2020	02/24/2030	Common Stock	906		906	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	2,000		2,000	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	2,000		2,000	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	1,500		1,500	D

Explanation of Responses:

	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.