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United Bankshares, Inc. Executive Vice President Shelli L. Adams reported insider transactions involving company common stock. On 12/11/2025, she exercised 5,000 stock options at an exercise price of $35.04 per share, acquiring 5,000 shares of common stock. On the same date, she disposed of 4,690 common shares at $39.53 per share. Following these transactions, Adams directly owned 47,129.9601 shares of United Bankshares common stock, plus 8,017.0485 shares held indirectly through a 401(k) plan and 79 shares held indirectly by her spouse. The filing also notes that the 5,000-share stock option grant expiring on 02/28/2026 was fully exercised and that Adams continues to hold several other stock option awards, including grants for 7,295, 3,647, 7,676, 5,455, and 7,676 shares with exercise prices between $32.51 and $45.30.
United Bankshares Inc. Executive Vice President Shelli L. Adams reported insider transactions involving company common stock. On 12/11/2025, she exercised stock options for 3,200 shares at an exercise price of $35.04 per share, and a related transaction coded "F" disposed of 2,976 shares at $39.53 per share.
After these transactions, Adams directly beneficially owned 29,421 shares of United Bankshares common stock and also held indirect interests, including 13,466.2128 shares through a UBSI 401(k) plan, 900 shares held by her spouse as power of attorney for a family member, and 1,364 shares in her spouse's IRA. She continues to hold several stock option awards with exercise prices between $32.51 and $45.3 and expiration dates from 02/27/2027 to 02/24/2030.
United Bankshares Inc. executive Shelli L. Adams reported insider share and option activity dated 12/11/2025. The filing shows 3,200 common shares acquired at $35.04 per share and 2,995 shares disposed of at $39.53 per share on that date. After these transactions, she directly owns 19,842.941 common shares and indirectly holds 7,023.4462 shares in a UBSI 401K plan and 646.007 shares through immediate family. A related stock option for 3,200 underlying shares with a $35.04 conversion or exercise price, expiring 03/01/2026, is reported with 0.0000 derivative securities beneficially owned following the transaction, while several other stock option grants with exercise prices between $32.51 and $45.3 remain outstanding. Explanatory notes state that some balances include additional shares acquired through a Dividend Reinvestment Plan and the UBSI 401K plan since her prior ownership reports.
United Bankshares Executive Vice President Shelli L. Adams exercised stock options for 1,500 shares of common stock at $35.04 on December 11, 2025, increasing her direct holdings. She also reported a disposition of 1,395 shares at $39.53, leaving 10,193.2962 shares owned directly, which includes additional stock acquired through the Dividend Reinvestment Plan. Adams additionally holds 4,448.1758 shares indirectly through the UBSI 401k plan and retains several other stock option grants covering 906, 2,000, 2,000 and 1,500 shares.
United Bankshares Inc. Executive Vice President Shelli L. Adams reported insider transactions in company common stock dated 12/11/2025. Adams exercised stock options covering 1,375 shares at $35.04 per share, acquiring the same number of common shares, and in a separate transaction coded “F” disposed of 1,287 shares at $39.53 per share.
After these transactions, Adams directly owned 10,615.5687 shares of United Bankshares common stock. Additional indirect holdings included 12,902.0743 shares through a 401(k) plan and 1,201.951 shares held indirectly through a spouse. The filing also lists remaining stock options with exercise prices between $32.51 and $45.3 expiring between 02/27/2027 and 02/24/2030.
United Bankshares, Inc. Executive Vice President Shelli L. Adams reported insider transactions in the company’s common stock dated 12/11/2025. She acquired 2,000 shares in a transaction coded "M" at $35.04 per share and reported a separate disposition of 1,876 shares coded "F" at $39.53 per share.
After these transactions, she reported owning 14,290.4639 shares of common stock directly and an additional 9,381.6945 shares held indirectly through the UBSI 401K plan. The holdings include extra shares accumulated through the Dividend Reinvestment Plan and additional purchases in the UBSI 401K plan since her last ownership report.
United Bankshares executive vice president Shelli L. Adams reported insider transactions in United Bankshares common stock. On 12/11/2025 she exercised 5,000 stock options at $35.04 per share and disposed of 4,690 shares at $39.53.
After these transactions, she held 41,043 shares directly, 2,208 shares of common stock in a direct IRA and 4,939.1315 shares of common stock through a 401(k) plan. The exercised option covered 5,000 shares of common stock and now has a reported remaining balance of 0.0000 derivative securities, while she continues to hold several other stock option grants on United Bankshares common stock.
UNITED BANKSHARES INC/WV Executive Vice President Shelli L. Adams reported insider stock transactions dated 12/11/2025. She acquired 9,130 shares of common stock at $35.04 through a stock option exercise and disposed of 8,564 shares at $39.53.
Following these transactions, she beneficially owned 89,080.8338 common shares directly, plus 9,003.6549 shares held through a UBSI 401K plan and 89.5771 shares held by her wife. The report also lists several outstanding stock options with exercise prices between $32.51 and $45.3 and expirations from 02/26/2027 to 02/24/2030.
UNITED BANKSHARES INC/WV (UBSI) director Shelli L. Adams reported an equity-based compensation transaction involving phantom stock tied to UBSI common stock. On 11/24/2025, she acquired 882 phantom stock units at $37.1835 per unit, each representing one share of common stock. These phantom shares are payable in cash after her termination of employment with UBSI.
Following this transaction, Adams beneficially owned 55,416 phantom stock units directly. Separately from the phantom stock, she reported direct ownership of 457,070 UBSI common shares, and indirect ownership of 36,800 shares through Bray & Oakley Insurance and 1,000 shares held by her spouse. This filing records ongoing alignment of a company director with UBSI equity performance through both stock and cash-settled phantom units.
United Bankshares, Inc. announced that its Board of Directors has approved a new share repurchase program authorizing the company to buy back up to 5 million shares of its common stock, which is approximately 3.6% of its total shares issued and outstanding. The new 2025 Plan replaces the prior repurchase plan approved in May 2022, which was terminated effective November 20, 2025.
Between October 1, 2025 and November 20, 2025, United repurchased 1,103,666 shares under the 2022 Plan at a weighted average price of $35.99 per share. Repurchases under the new plan may occur from time to time in the open market, through privately negotiated transactions, or by other means, in compliance with applicable securities laws. Management believes the plan will provide capital management opportunities and help build value for shareholders, and repurchased shares may be used for employee benefit programs and other corporate purposes, including potential acquisitions.