UBSI director buys 470 phantom stock units
UNITED BANKSHARES INC/WV director Clinton P. Winter reported an open-market purchase of 470 shares of Phantom Stock at $46.3658 per unit.
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV director Clinton P. Winter reported an open-market purchase of 470 shares of Phantom Stock at $46.3658 per unit. Each phantom share corresponds 1-for-1 to common stock and is payable in cash after his termination of employment with UBSI.
Following this transaction, he holds 58,469 phantom stock units directly. He also reports direct ownership of 458,658 shares of common stock, plus indirect holdings of 1,000 common shares through his spouse and 36,800 common shares through Bray & Oakley Insurance. The filing primarily updates his total direct and indirect economic exposure to UBSI rather than signaling a large position change.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 470 shares
Net Buy
4 txns
Insider
WINTER P CLINTON
Role
Director
Bought
470 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Phantom Stock | 470 | $46.3658 | $22K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 58,469 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 purchased: 470 units
Purchase price: $46.3658 per unit
Phantom units after transaction: 58,469 units
+4 more
7 metrics
Phantom Stock purchased
470 units
Open-market purchase on 2026-07-01
Purchase price
$46.3658 per unit
Phantom Stock transaction
Phantom units after transaction
58,469 units
Total Phantom Stock holdings
Direct common stock holdings
458,658 shares
Common Stock held directly after transactions
Spouse-held common stock
1,000 shares
Indirect ownership by spouse
Bray & Oakley Insurance common stock
36,800 shares
Indirect ownership via Bray & Oakley Insurance
Net buy-sell shares
470 shares
Net effect of reported transactions
Key Terms
Phantom Stock, open-market purchase, indirect ownership, 1 for 1
4 terms
Phantom Stock financial
"Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI."
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.
open-market purchase financial
"transaction_action: open-market purchase for 470 Phantom Stock units at 46.3658"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"direct_or_indirect: I with nature_of_ownership listed as By Spouse and Bray & Oakley Insurance"
1 for 1 financial
"Footnote indicates a 1 for 1 relationship between Phantom Stock and common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UBSI director Clinton P. Winter report on this Form 4?
Clinton P. Winter reported buying 470 shares of Phantom Stock linked to UNITED BANKSHARES INC/WV. The purchase was an open-market transaction at $46.3658 per unit and increases his cash-settled phantom stock position while leaving his reported common stock holdings structure unchanged.
What is Phantom Stock in the UBSI Form 4 for Clinton P. Winter?
The filing states that Phantom Stock represents units valued 1-for-1 with UBSI common stock. These phantom shares are payable in cash following the reporting person’s termination of employment, giving him a cash-settled economic interest rather than additional voting common shares.
How many UBSI Phantom Stock units does Clinton P. Winter hold after this transaction?
After purchasing 470 Phantom Stock units, Clinton P. Winter holds a total of 58,469 phantom units. These units mirror UBSI common stock value on a one-for-one basis and will be settled in cash after his employment with UNITED BANKSHARES INC/WV ends.
Was the UBSI Phantom Stock transaction by Clinton P. Winter a buy or a sale?
The transaction is reported as an open-market purchase, coded “P” on the Form 4. Clinton P. Winter acquired 470 Phantom Stock units at a price of $46.3658 each, increasing his cash-settled exposure tied to UNITED BANKSHARES INC/WV common stock values.
AI-generated analysis. How Rhea-AI works. Not financial advice.
