Director Patrice A. Harris awarded 1,588 UBSI shares (NASDAQ: UBSI) in grant
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV director Patrice A. Harris received a grant of 1,588 shares of common stock as a restricted stock award. The grant was recorded at a price of $0.0000 per share and increased her directly held common stock holdings to 14,306.8359 shares.
The footnotes state that the restricted stock award vests in three equal annual installments, meaning the shares become fully available over three years. A separate footnote notes that additional stock was acquired through the company’s Dividend Reinvestment Plan, contributing to the reported ownership total.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,588 shares
Net Buy
1 txn
Insider
Harris Patrice A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,588 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 14,306.8359 shares (Direct)
Footnotes (2)
- F1. Shares were acquired pursuant to a grant of restricted stock. The award vests in three equal annual installments.
- F2. Additional stock acquired in the Dividend Reinvestment Plan.
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FAQ
What insider transaction did Patrice A. Harris report for UBSI?
Patrice A. Harris reported receiving a grant of 1,588 shares of UNITED BANKSHARES INC/WV common stock. The filing shows this as a restricted stock award at $0.0000 per share, increasing her directly held stake to 14,306.8359 shares after the transaction.
Was the UBSI insider transaction a purchase or a stock grant?
The UBSI insider transaction was a stock grant, not an open-market purchase. Patrice A. Harris acquired 1,588 common shares as a restricted stock award, recorded at $0.0000 per share, consistent with equity compensation rather than a cash-funded share purchase.
How does the restricted stock for Patrice A. Harris vest at UBSI?
The restricted stock award for Patrice A. Harris vests in three equal annual installments. This means the 1,588 granted shares of UNITED BANKSHARES INC/WV common stock become fully available over three years, aligning the director’s compensation with longer-term company performance.
Does the UBSI Form 4 mention dividend reinvestment for Patrice A. Harris?
Yes. A footnote explains that additional UNITED BANKSHARES INC/WV shares were acquired through the Dividend Reinvestment Plan. These reinvested dividends add to Patrice A. Harris’s total directly held common stock position reported after the 1,588-share restricted stock grant.