United Bankshares director buys phantom stock units
For UNITED BANKSHARES INC/WV (UBSI), director WINTER P CLINTON reported purchasing 609 units of Phantom Stock on 2026-08-31 at $47.18 per unit, each representing 1-for-1 with UBSI common stock.
Rhea-AI Filing Summary
For UNITED BANKSHARES INC/WV (UBSI), director WINTER P CLINTON reported purchasing 609 units of Phantom Stock on 2026-08-31 at $47.18 per unit, each representing 1-for-1 with UBSI common stock. These phantom shares are payable in cash after the reporting person’s termination of employment. Following this transaction, the filing reports 59,287 phantom stock units held directly, plus direct common stock holdings of 458,658 shares and indirect common stock holdings of 36,800 shares through Bray & Oakley Insurance and 1,000 shares held by spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 609 shares
Net Buy
4 txns
Insider
WINTER P CLINTON
Role
Director
Bought
609 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Phantom Stock F1, F2 | 609 | $47.18 | $29K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 59,287 contracts (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: 609 units
Phantom Stock price per unit: $47.18
Phantom Stock holdings after transaction: 59,287 units
+4 more
7 metrics
Phantom Stock units purchased
609 units
Derivative transaction on 2026-08-31 at $47.18 per unit
Phantom Stock price per unit
$47.18
Purchase price for 609 Phantom Stock units on 2026-08-31
Phantom Stock holdings after transaction
59,287 units
Total Phantom Stock units held directly after the reported purchase
Direct common stock holdings
458,658 shares
UBSI common stock held directly as of 2026-08-31
Indirect common stock via Bray & Oakley Insurance
36,800 shares
UBSI common stock held indirectly through Bray & Oakley Insurance
Indirect common stock by spouse
1,000 shares
UBSI common stock reported as held indirectly by spouse
Net buy-sell shares in this filing
609 shares
Net-buy direction from derivative Phantom Stock purchase
Key Terms
Phantom Stock, underlying security, indirect ownership
3 terms
Phantom Stock financial
"security_title: "Phantom Stock" with 1 for 1 link to common stock"
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: "Common Stock" for the Phantom Stock units"
indirect ownership financial
"ownership_type: "indirect" for holdings via Bray & Oakley Insurance and spouse"
FAQ
What insider transaction did WINTER P CLINTON report for UBSI on 2026-08-31?
WINTER P CLINTON reported purchasing 609 units of Phantom Stock tied to UBSI common stock on 2026-08-31 at $47.18 per unit, increasing the reported phantom stock holdings to 59,287 units payable in cash after termination of employment.
What is the price and size of the phantom stock purchase reported for UBSI?
The filing shows a purchase of 609 Phantom Stock units at $47.18 per unit. Each unit is described as 1 for 1 with UBSI common stock, but is payable in cash following the reporting person’s termination of employment with UNITED BANKSHARES INC/WV.
How many UBSI phantom stock units does WINTER P CLINTON hold after this Form 4?
After the reported transaction, WINTER P CLINTON is shown holding 59,287 units of Phantom Stock. These units are linked 1-for-1 to UBSI common stock and are payable in cash after termination of employment, rather than delivering actual UBSI shares.
What direct UBSI common stock holdings does WINTER P CLINTON report?
The Form 4 lists 458,658 UBSI common shares held directly by WINTER P CLINTON as of 2026-08-31. This figure is presented as the total shares of common stock owned directly following the reported phantom stock transaction.
What indirect UBSI common stock holdings are associated with WINTER P CLINTON?
Indirect UBSI common stock holdings reported include 36,800 shares held through Bray & Oakley Insurance and 1,000 shares held by spouse. Both positions are identified as indirect ownership in the Form 4 holding entries.
Are the UBSI phantom stock units settled in stock or cash for WINTER P CLINTON?
According to the footnotes, the Phantom Stock units are payable in cash after the reporting person’s termination of employment with UBSI. They track UBSI common stock value 1 for 1 but do not represent actual shares being issued.
AI-generated analysis. How Rhea-AI works. Not financial advice.
