WINTER P CLINTON 4

What Happened Director Winter P. Clinton received a grant of 1,588 restricted shares of United Bankshares, Inc. (UBSI) on February 19, 2026. The Form 4 reports the acquisition as an award (Transaction code A) of 1,588 shares at a reported price of $0.00 (no cash paid). The award vests in three equal annual installments per the filing.

Key Details

• Transaction date: 2026-02-19
• Transaction type: Award/Grant (code A) — 1,588 shares acquired @ $0.00 (reported value $0)
• Filing date: 2026-02-20 — appears to be filed promptly (next day)
• Shares owned after transaction: Not specified in the provided filing
• Footnotes: F1 — award vests in three equal annual installments; F2 — 1-for-1 (conversion/ratio note); F3 — phantom stock payable in cash after termination (relates to deferred/phantom holdings)

Context Restricted stock grants are compensation/retention awards that vest over time and are not the same as an open-market purchase; they don’t necessarily signal a buy or sell decision by the insider. The included footnotes clarify the vesting schedule and reference related phantom-stock/deferred-pay arrangements.