Mildren Charles J. 4

What Happened

• Charles J. Mildren, Executive Vice President of United Bankshares, was granted 1,815 restricted shares on 2026-02-19. The shares were reported as acquired at $0.00 (award/grant). This is an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-20 (timely).
• Shares granted: 1,815; reported acquisition price: $0.00.
• Vesting: Award vests in three equal annual installments (footnote F1).
• Additional notes in the filing: includes shares acquired via the Dividend Reinvestment Plan (F2) and additional shares from the UBSI 401(k) plan since the last 401(k) ownership report (F3).
• Shares owned after transaction: not specified in the Form 4 filing.

Context

• Restricted stock awards are typical executive compensation; they usually vest over time and can be forfeited if employment ends before vesting, so they are not an immediate market purchase or sale. An award reported at $0 reflects a grant, not an out-of-pocket purchase; it does not itself indicate buying or selling behavior by the insider.