ADAMS RICHARD M JR 4

What Happened

• Richard M. Adams Jr., CEO of United Bankshares, was granted 26,209 restricted stock units (RSUs) on February 19, 2026. The reported acquisition price is $0.00, so the immediate cash value recorded in the Form 4 is $0.
• The RSU award vests in three equal annual installments (see footnote F1). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form filed: 2026-02-20 (timely filing).
• Shares granted: 26,209 RSUs; reported price: $0.00; reported value: $0.
• Vesting: Three equal annual installments (footnote F1).
• Other holdings notes from the filing excerpt:
  • Additional shares from the UBSI 401(k) plan included since the last 401(k) report (F2).
  • Phantom stock referenced in the filing: 1-for-1 conversion noted (F3); phantom shares arose from compensation deferral and are exercisable immediately (F4) and payable in cash upon termination (F5).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• RSU grants are common compensation for executives and do not necessarily signal a bullish or bearish view by the insider—unlike open-market purchases or sales, they reflect company pay practices and retention incentives.
• Vesting schedule means economic benefit is realized over time; if the executive leaves before vesting, unvested RSUs may be forfeited per plan terms.