ADAMS RICHARD M SR 4

What Happened
Richard M. Adams Sr., Executive Chairman and Director of United Bankshares (UBSI), had 3,865 shares disposed/withheld to satisfy a tax or exercise obligation on Feb 20, 2026. The shares were valued at $44.07 each, totaling $170,331. This was a tax-withholding/cashless settlement (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-20
• Transaction type/code: Payment of exercise price or tax liability (Code F) — shares withheld/disposed to cover taxes
• Shares involved: 3,865 at $44.07 per share; total value reported $170,331
• Shares owned after transaction: Not specified in the provided filing
• Filing date: 2026-02-24 — filed on the normal SEC Form 4 due date (timely)
• Notable: Code F typically means shares were retained by the company/broker to cover tax withholding after option exercise or vesting

Context
Withholding shares to cover taxes is a routine administrative step following an option exercise or restricted stock vesting and is different from an open-market sale. Such transactions generally do not by themselves indicate a change in the insider’s view of the company; they reflect tax obligations tied to equity compensation.