KAYES HENRY M JR 4

What Happened

Henry M. Kayes Jr., Executive Vice President of United Bankshares Inc. (UBSI), had 919 shares withheld to satisfy a tax obligation on February 20, 2026. The withholding was recorded at $44.07 per share, a total value of roughly $40,500. The Form 4 shows this as a disposition under transaction code "F" (payment of exercise price or tax liability), which is routine tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-02-20; filing date: 2026-02-24 (filed within the required two business days).
• Disposition: 919 shares withheld at $44.07 per share — total ≈ $40,500.
• Transaction code: F (payment of exercise price or tax liability / tax withholding).
• Shares owned after the transaction: Not specified in the provided filing details.
• Filing timeliness: Timely (no late filing flag reported).

Context

Tax-withholding dispositions commonly occur when insiders exercise stock options or when restricted shares vest; shares are retained by the company or broker to cover taxes rather than being sold on the open market. These transactions are typically administrative and do not necessarily indicate a change in the insider’s view of the company.