NESSELROAD MARK R 4

What Happened
Mark R. Nesselroad, a director of United Bankshares, was granted 1,588 restricted shares on February 19, 2026. The grant was reported on a Form 4 filed February 20, 2026. The shares were reported at $0.00 per share (award/grant), so no cash was paid; total reported acquisition value is $0. This is an award of restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-20 (timely filing).
• Transaction type/code: Award/Grant (code A).
• Shares acquired: 1,588 restricted shares at $0.00 per share (total $0 reported).
• Vesting: Award vests in three equal annual installments (see footnote).
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax-withholding, or sale noted in the provided details.

Context
Restricted stock grants are typically compensation awards that vest over time and are not immediately tradable; they differ from outright purchases or sales and do not necessarily indicate the insider bought shares on the open market. The grant being reported promptly suggests routine compensation reporting rather than an untimely filing.