KAYES HENRY M JR 4

What Happened
Henry M. Kayes Jr., Executive Vice President of United Bankshares, was granted 5,446 restricted shares on 2026-02-19. The award is recorded at $0.00 per share (total $0) on the Form 4 and is an equity compensation grant (transaction code A). Per the filing, the restricted stock award vests in three equal annual installments (see footnote F1).

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-20 (timely filing).
• Type: Grant of restricted stock (A).
• Shares granted: 5,446 at $0.00 per share (total recorded value $0).
• Vesting: Three equal annual installments (footnote F1).
• Shares owned after transaction: not specified in the provided filing.
• Additional footnotes in the filing: F2 notes stock acquired via the Dividend Reinvestment Plan; F3 notes additional shares acquired under the UBSI 401(k) plan since the last 401(k) ownership report.
• Filing timeliness: Report appears timely (filed the next day); no late-filing implication indicated.

Context
Restricted stock grants are a form of executive compensation and typically vest over time, so they do not reflect an immediate market purchase or sale. Such awards are common as retention and incentive pay and should be viewed as compensation-related transactions rather than a direct signal of the insider buying or selling shares on the open market.