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Schultheis Anna J reported acquisition or exercise transactions in this Form 4 filing.
United Bankshares Executive Vice President Anna J. Schultheis received a grant of 1,929 shares of common stock as restricted stock awards at no cash cost. The award vests in three equal annual installments. After the grant, she directly owns 12,574.5687 shares, plus additional indirect holdings via a 401k plan and her spouse.
UNITED BANKSHARES INC/WV director Charles L. Capito Jr. reported an acquisition of 1,588 shares of common stock through a grant of restricted stock. The award vests in three equal annual installments. Following this grant, he directly holds 14,162 common shares and indirectly holds 66 shares through his wife.
UNITED BANKSHARES INC/WV reported that Chief Executive Officer Richard M. Adams Jr. acquired 26,209 shares of common stock on February 19, 2026 through a grant of restricted stock units at a stated price of $0.00 per share.
After this award, his directly held common stock increased to 188,389.392 shares. The restricted stock unit grant is scheduled to vest in three equal annual installments. The filing also updates holdings in phantom stock and stock options, as well as indirect common stock held through a 401(k) plan and a trust for children.
United Bankshares director Rice Lacy I III reported a small insider share increase linked to a dividend reinvestment. On January 28, 2026, an immediate family member acquired 101 shares of United Bankshares common stock at $41.5942 per share through the Dividend Reinvestment Plan, reported as indirect ownership. Following this, Lacy also reported holding 36,966.1057 shares of common stock directly.
United Bankshares, Inc. filed a current report to note that it has released its financial results for the fourth quarter and full year of 2025. The company stated that these results were announced on January 22, 2026.
The report explains that a detailed press release with the quarterly and annual financial information is provided as Exhibit 99.1, and a slide presentation covering the same 2025 periods is included as Exhibit 99.2. These materials contain the specific figures and commentary on United’s performance, while the report itself mainly serves to formally present these disclosures.
United Bankshares Inc. director Shelli L. Adams reported updated holdings of company stock and phantom stock units. On 01/02/2026, Adams acquired 548 shares of phantom stock at $38.34 per unit, which are payable in cash after her termination of employment with UBSI. Following this transaction, she holds 55,964 phantom stock units.
Adams also reports beneficial ownership of United Bankshares common stock, including 457,070 shares held directly, 36,800 shares held indirectly through Bray & Oakley Insurance, and 1,000 shares held indirectly by her spouse. This filing reflects equity-based compensation and current insider ownership, rather than open-market buying or selling of the company’s stock.
United Bankshares, Inc. Executive Chairman and director Shelli L. Adams reported insider transactions in the company’s common stock dated 12/11/2025.
She exercised 33,300 stock options at an exercise price of $35.04 per share, receiving the same number of common shares, and on the same date disposed of 31,233 common shares at a price of $39.53 per share. After these transactions, she directly owned 862,926.4143 common shares, with additional indirect holdings through an IRA, a 401(k) plan, a corporation, immediate family, and her spouse’s IRA.
Footnotes explain that some reported positions include additional shares acquired through a dividend reinvestment plan and the UBSI 401(k) plan since her prior ownership report.
United Bankshares, Inc. executive Shelli L. Adams, a Director and Chief Executive Officer, reported insider transactions in company stock. On 12/11/2025, the reporting person exercised a stock option for 11,100 shares of common stock at $35.04 per share (transaction code M), increasing direct ownership.
A separate transaction with code F recorded the disposition of 10,411 shares at $39.53 per share. After these transactions, the reporting person directly owns 162,180.392 shares of United Bankshares common stock. Indirect holdings include 16,247.9878 shares through the UBSI 401K plan and 10,986.084 shares held in a trust for children. The filing also lists multiple stock options and 254.151 shares of phantom stock, which are payable in cash following termination of employment and are exercisable immediately.
United Bankshares Inc. executive Shelli L. Adams reported an option exercise and related share withholding. On 12/11/2025, the Chief Operating Officer exercised 11,100 stock options at an exercise price of $35.04 per share, converting them into common stock. To cover tax obligations, 10,411 shares of common stock were disposed of at $39.53 under transaction code F.
After these transactions, Adams directly beneficially owned 131,237 shares of United Bankshares common stock and indirectly owned 11,306.1971 shares through a 401(k) plan. The exercised options came from a grant dated 02/29/2016 with an expiration date of 02/28/2026, and that grant now has 0 options remaining. She continues to hold other stock option awards with various exercise prices and expiration dates.
United Bankshares Inc/WV executive Shelli L. Adams reported equity transactions in company common stock. On 12/11/2025, she reported an M-coded transaction in 2,000 shares of common stock at $35.04 and an F-coded transaction in 1,876 shares at $39.53. Following these, she directly beneficially owned 22,913.6293 common shares and indirectly owned 5,405.0971 shares through a 401k plan.
The direct holdings include additional stock acquired in the Dividend Reinvestment Plan, and the 401k balance includes additional shares acquired under the UBSI 401K plan since her last 401k ownership report. Adams also continues to hold stock options on United Bankshares common stock, including 1,453 options at an exercise price of $32.51 expiring on 02/24/2030, 3,000 options at $37.6 expiring on 02/26/2028, 3,200 options at $38.49 expiring on 02/25/2029, and 2,500 options at $45.3 expiring on 02/27/2027.