United Bankshares (UBSI) EVP logs tax-withholding share disposals
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV Executive Vice President Matthew L. Humphrey reported two Form 4 transactions involving company Common Stock. On February 22 and 23, he disposed of 1,137 and 1,018 shares, respectively, at $44.28 per share as tax-withholding dispositions rather than open-market sales. After these transactions, he directly owned about 37,685 common shares, with additional indirect holdings of common stock reported through a 401(k) plan and several stock option positions updated as holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,155 shares
Net Sell
8 txns
Insider
Humphrey Matthew L
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,018 | $44.28 | $45K |
| Exercise Price or Tax Liability | Common Stock | 1,137 | $44.28 | $50K |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,685.4529 shares (Direct);
Stock Option — 17,229 shares (Direct);
Common Stock — 4,154.0644 shares (Indirect, By 401k)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did UBSI executive Matthew Humphrey report in this Form 4?
Matthew L. Humphrey, an Executive Vice President of UNITED BANKSHARES INC/WV (UBSI), reported two Form 4 transactions. Both involved disposing of company common shares to cover tax obligations tied to equity awards, rather than traditional open-market stock sales.
Were there any UBSI stock option changes reported for Matthew Humphrey?
Yes. The Form 4 lists several Stock Option entries as holdings for Humphrey, each showing updated totals of options following the reporting date. These entries are recorded as holdings, without explicit buy or sell transactions in the provided data.
Is this UBSI Form 4 filing indicative of open-market selling by the executive?
The transactions are coded as F, described as payment of exercise price or tax liability by delivering securities. This classification indicates tax-withholding dispositions, not traditional open-market sales initiated to change investment exposure in UBSI shares.