UBSI director buys phantom stock units at $42.31
UNITED BANKSHARES INC/WV director WINTER P CLINTON reported a small open-market purchase of derivative phantom stock linked to company shares.
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV director WINTER P CLINTON reported a small open-market purchase of derivative phantom stock linked to company shares. On 2026-06-01, the director bought 7 units of phantom stock at $42.31 per unit, each tied 1-for-1 to common stock and payable in cash after employment ends.
Following this transaction, reported holdings include 458,658 shares of common stock held directly, plus 1,000 shares held indirectly by a spouse and 36,800 shares held indirectly through Bray & Oakley Insurance. The director also now holds 57,999 units of phantom stock as a cash-settled, stock-based award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7 shares
Net Buy
4 txns
Insider
WINTER P CLINTON
Role
Director
Bought
7 shs ($296.17)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Phantom Stock | 7 | $42.31 | $296.17 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 57,999 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: 7 units at $42.31
Common stock direct holdings: 458,658 shares
Common stock indirect by spouse: 1,000 shares
+3 more
6 metrics
Phantom stock purchased
7 units at $42.31
Open-market purchase of phantom stock on June 1, 2026
Common stock direct holdings
458,658 shares
Direct UBSI common stock held after transactions
Common stock indirect by spouse
1,000 shares
Indirect holding reported as By Spouse after transactions
Common stock indirect via Bray & Oakley
36,800 shares
Indirect UBSI common stock held through Bray & Oakley Insurance
Total phantom stock units
57,999 units
Phantom stock balance after June 1, 2026 purchase
Phantom conversion ratio
1 for 1
Each phantom unit tracks one UBSI common share
Key Terms
phantom stock, open-market purchase, indirect ownership, derivative, +1 more
5 terms
phantom stock financial
"Shares of phantom stock are payable in cash following the reporting persons termination of employment"
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""
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","nature_of_ownership": "By Spouse""
derivative financial
""transaction_type": "derivative","security_title": "Phantom Stock""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
1 for 1 financial
""1 for 1" noted in the phantom stock footnote"
FAQ
What insider transaction did UBSI director WINTER P CLINTON report?
WINTER P CLINTON reported buying 7 units of phantom stock on June 1, 2026. These units are cash-settled awards tied 1-for-1 to UNITED BANKSHARES INC/WV common stock value, not actual share purchases.
At what price was the UBSI phantom stock acquired in this Form 4?
The phantom stock units were acquired at a price of $42.31 per unit. Each unit tracks one share of UNITED BANKSHARES INC/WV common stock, with value paid in cash after the director’s employment ends.
How many phantom stock units tied to UBSI stock are now held?
The Form 4 shows total holdings of 57,999 phantom stock units after the transaction. These units mirror UNITED BANKSHARES INC/WV common stock on a 1-for-1 basis but are settled in cash instead of delivering actual shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
