[Form 4] UNITED BANKSHARES INC/WV Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV director WINTER P CLINTON bought 512 units of Phantom Stock at $42.0344 per unit on Phantom Stock. These phantom stock units are credited on a 1-for-1 basis to common stock and are payable in cash after the director’s termination of employment with UBSI. Following this transaction, the director holds 57,248 Phantom Stock units. The filing also shows direct ownership of 458,658 shares of common stock and indirect ownership of 36,800 common shares through Bray & Oakley Insurance and 1,000 common shares held by a spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 512 shares ($21,522)
Net Buy
4 txns
Insider
WINTER P CLINTON
Role
Director
Bought
512 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Phantom Stock | 512 | $42.0344 | $22K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 57,248 shares (Direct);
Common Stock — 458,658 shares (Direct);
Common Stock — 36,800 shares (Indirect, Bray & Oakley Insurance)
Footnotes (1)
- 1 for 1 Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.
Key Figures
Phantom Stock purchase: 512 units
Purchase price: $42.0344 per unit
Phantom units after transaction: 57,248 units
+3 more
6 metrics
Phantom Stock purchase
512 units
Open-market style purchase on Phantom Stock
Purchase price
$42.0344 per unit
Price for Phantom Stock units
Phantom units after transaction
57,248 units
Total Phantom Stock balance following transaction
Direct common stock holdings
458,658 shares
Direct UBSI common stock after reported date
Indirect Bray & Oakley holdings
36,800 shares
Indirect UBSI common stock via Bray & Oakley Insurance
Indirect spouse holdings
1,000 shares
UBSI common stock held by spouse
Key Terms
Phantom Stock, open-market purchase, indirect ownership, 1 for 1
4 terms
Phantom Stock financial
"security_title: "Phantom Stock" and footnote describing cash settlement"
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 the Phantom Stock units"
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 "Bray & Oakley Insurance" and "By Spouse""
1 for 1 financial
"footnote stating "1 for 1" relationship between phantom stock and common stock"
