United Bankshares (UBSI) EVP covers tax withholding with 295-share transfer
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 295 shares
Net Sell
6 txns
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 shares (Direct);
Common Stock — 4,593.9466 shares (Indirect, By 401k)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.