United Bankshares Director Sells 3,200 Shares for $148,544
Key Points
The transaction, conducted on Sept. 1, was valued at $148,544.
The transaction size represents 5% of the total equity position held prior to the execution.
All shares were sold indirectly.
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Mark R. Nesselroad, Director at United Bankshares (NASDAQ:UBSI), sold 3,200 shares of common stock on Sept. 1, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $148,544 |
| Shares sold (indirectly held) | 3,200 |
| Post-transaction shares (directly held) | 16,621 |
| Post-transaction shares (indirectly held) | 50,582 |
| Post-transaction value | $3.1 million |
Transaction value based on SEC Form 4 weighted average sale price ($46.42); post-transaction value based on Sept. 1, 2026, market close ($46.50).
Key questions
- How does this transaction impact the total beneficial ownership?
Following the indirect sale of 3,200 shares, the total beneficial ownership stands at 67,203 shares, representing a 0.04% stake in the company. This position includes 16,621 shares held directly and 50,582 shares held indirectly. - What is the breakdown of the indirect equity holdings?
The remaining indirect holdings are distributed between 32,224 shares held by a spouse and 18,358 shares held by a corporation. - What has been the performance of the stock leading up to this filing?
As of the Sept. 1, 2026, transaction date, United Bankshares common stock has delivered a 21% total return over the preceding 12-month period.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-01) | $46.50 |
| Market Capitalization | $6.4 billion |
| Revenue (TTM) | $1.2 billion |
| Net Income (TTM) | $514.2 million |
Company Snapshot
- United Bankshares provides comprehensive banking solutions, including deposit products such as checking, savings, money market, and retirement accounts, as well as a diversified lending portfolio serving both commercial and retail customers across the United States.
- The company operates through a community banking model that generates revenue primarily through net interest income from lending activities, deposit-based services, and mortgage banking operations, supplemented by fee-based services.
- The institution serves commercial clients and individual customers throughout the United States, with particular strength in regional markets, leveraging its community-focused banking approach to serve both institutional and retail segments.
United Bankshares is a prominent regional financial holding company headquartered in Charleston, West Virginia, with a market capitalization of $6.4 billion and approximately 2,740 employees. The company has demonstrated strong operational performance with TTM revenue of $1.2 billion and net income of $514.2 million, reflecting a net profit margin of approximately 28.6%. As a diversified regional bank, United Bankshares maintains a competitive position through its integrated community and mortgage banking divisions, serving a broad customer base across multiple markets.
What this transaction means for investors
On Sept. 1, Nesselroad sold 3,200 shares indirectly held in a transaction valued at nearly $149,000. In the context of the sale and the rising stock price, this doesn't appear to be something shareholders should be worried about, as it doesn't represent itself as a loss of confidence in United Bankshares. Instead, this is likely a routine sale. That's because over the last 12 months, the United Bankshares stock price has climbed 25.1%, while the S&P 500 is up 16.2% over the same period. With noticeable profits, it's not unrealistic to expect that an insider may consider taking some gains off the table. And while Nesselroad did sell 3,200 shares indirectly, as they are being listed as being held by a spouse, the total holdings still indicate continued alignment with United Bankshares' success.
Nesselroad still holds 16,621 shares directly, over 18,000 shares are held indirectly by a corporation, and over 32,000 shares are held by a spouse. In comparison, the 3,200 shares sold are minuscule, and, given that they were sold against the backdrop of a rising stock price, this has the full appearance of a routine sale.
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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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