United Bankshares (UBSI) EVP receives 2,042-share restricted stock award
Rhea-AI Filing Summary
United Bankshares Executive Vice President Ami L. Shaver reported an equity award in United Bankshares, Inc. common stock. Shaver acquired 2,042 shares at a price of $0.00 per share as a grant of restricted stock awards. According to the disclosure, this award vests in three equal annual installments, meaning the shares become fully owned over three years if vesting conditions are met. After this grant, Shaver directly owns 16,332.4639 common shares, and indirectly holds 9,538.7941 common shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,042 shares
Net Buy
6 txns
Insider
Shaver Ami L
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,042 | $0.00 | $0.00 |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,332.4639 shares (Direct);
Stock Option — 6,906 shares (Direct);
Common Stock — 9,538.7941 shares (Indirect, By 401k)
Footnotes (2)
- F1. Shares were acquired pursuant to a grant of restricted stock awards. The award vests in three equal annual installments.
- F2. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Ami L. Shaver report at UBSI?
Ami L. Shaver reported receiving a grant of 2,042 shares of United Bankshares common stock. The shares were awarded as restricted stock and carry a $0.00 grant price, reflecting compensation rather than a market purchase.
How do the restricted stock awards to Ami L. Shaver at UBSI vest?
The restricted stock award to Ami L. Shaver vests in three equal annual installments. This means one-third of the 2,042 shares becomes fully vested each year, subject to any continued service or other vesting conditions in the grant.
Was the Ami L. Shaver UBSI stock grant a market purchase or compensation?
The transaction reflects compensation, not a market purchase. The 2,042-share award was granted as restricted stock at a $0.00 price per share, indicating it is part of an equity compensation program rather than an open-market buy.