CEO equity award at United Bankshares (NASDAQ: UBSI) paired with tax share disposals
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV Chief Executive Officer Richard M. Adams Jr. reported vesting of performance-based restricted stock units that delivered 17,087 shares of common stock on February 23, 2026 at no cost to him.
To cover tax obligations, he disposed of shares back to the issuer through tax-withholding transactions totaling 2,454, 7,749, and 4,399 shares at $44.28 per share on February 22–23, 2026. After these transactions, he continued to hold a substantial direct common stock position along with phantom stock and stock options, plus indirect holdings through a 401(k) and a trust for children.
Positive
- None.
Negative
- None.
Insights
CEO reports routine equity vesting and tax-share withholding, not open-market trading.
The CEO of UNITED BANKSHARES INC/WV received 17,087 shares of common stock upon vesting of performance-based restricted stock units granted in February 2023 and vesting in February 2026. This reflects previously awarded compensation tied to achieving performance goals.
Separate Form 4 entries show tax-withholding dispositions of 2,454, 7,749, and 4,399 common shares at $44.28 per share. Code F transactions indicate shares were delivered to satisfy tax liabilities, rather than discretionary open-market sales.
The filing also notes phantom stock arising from deferred compensation under a non-qualified plan, payable in cash after employment termination, and various stock option and indirect common stock holdings. Overall, the activity appears administrative around equity compensation, with limited direct signaling value about management’s view of UBSI shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,087 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,454 | $44.28 | $109K |
| Exercise Price or Tax Liability | Common Stock | 7,749 | $44.28 | $343K |
| Exercise Price or Tax Liability | Common Stock | 4,399 | $44.28 | $195K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Represents performance-based restricted stock units granted in February 2023 that vested in February 2026 upon achievement of performance goals. The restricted stock units were settled by delivery of an equal number of shares of common stock.
- F2. 1 for 1
- F3. The reporting person's shares of phantom stock arose through his deferral of compensation under the United Bankshares, Inc., Non-qualified Retirement and Savings Plan (the Plan). Shares of phantom stock are exercisable immediately.
- F4. Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.
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