Proctor Michael 4

What Happened Michael Proctor, Executive Vice President of United Bankshares, was granted 1,929 shares of restricted stock on 2026-02-19. The Form 4 shows an acquisition (award) at $0.00 per share (recorded as an award/grant); the award vests in three equal annual installments per the filing. This is a grant of restricted stock (an acquisition), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-20 (timely).
• Transaction type/code: A — Grant/award (restricted stock).
• Shares granted: 1,929; price shown on Form 4: $0.00; reported total value on form: $0.
• Vesting: Award vests in three equal annual installments (Footnote F1).
• Additional notes on filing: Footnote F2 references shares acquired via the Dividend Reinvestment Plan; Footnote F3 notes additional shares acquired under the UBSI 401(k) plan since the last 401(k) ownership report.
• Shares owned after the transaction: Not specified in the information provided here — see the full Form 4 for total post-grant holdings.

Context Restricted stock awards vest over time and typically cannot be sold until vested; they are a form of compensation rather than an immediate market purchase or sale. Footnotes F2 and F3 indicate the filer has also added shares via dividend reinvestment and 401(k) contributions since prior reports, which can affect total insider holdings. The filing was made promptly the day after the reported transaction.