Williams Darren K 4
Research Summary
AI-generated summary
United Bankshares (UBSI) EVP Darren K. Williams Sells 922 Shares
What Happened
- Darren K. Williams, Executive Vice‑President of United Bankshares (UBSI), disposed of 922 shares as a tax-withholding action tied to an equity award. The shares were valued at $44.07 each, for a total of about $40,633. This was a withholding/disposition to satisfy tax obligations (not an open‑market sale for cash).
Key Details
- Transaction date: 2026-02-20
- Price per share: $44.07; total value of shares withheld/disposed: $40,633
- Transaction code: F (payment of exercise price or tax liability — shares withheld to cover taxes)
- Shares owned after transaction: not specified in the provided filing summary
- Filing date: 2026-02-24 (filed 4 days after the reported transaction; Form 4s are generally due within 2 business days, so this may be late)
Context
- This appears to be a tax-withholding (cashless) disposition following an equity award exercise — a routine administrative step that does not necessarily signal the insider’s view on the company’s prospects.
- For most retail investors, tax-withhold disposals are less informative than open-market purchases, which more directly indicate insider conviction.