UBSI (UBSI) director adds 744 Phantom Stock units in new stock-linked purchase
Rhea-AI Filing Summary
UNITED BANKSHARES INC/WV director WINTER P CLINTON reported a small net purchase tied to company stock. He acquired 744 units of Phantom Stock, a cash-settled derivative equal to 1-for-1 with UBSI common stock, at $42.0559 per unit. After this, he holds 57,992 Phantom Stock units, 458,658 common shares directly, and additional indirect holdings through his spouse and Bray & Oakley Insurance.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
WINTER P CLINTON
Role
Director
Bought
744 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Phantom Stock | 744 | $42.0559 | $31K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 57,992 shares (Direct);
Common Stock — 458,658 shares (Direct);
Common Stock — 36,800 shares (Indirect, Bray & Oakley Insurance);
Common Stock — 1,000 shares (Indirect, By Spouse)
Footnotes (2)
- F1. 1 for 1
- F2. Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI.
Key Figures
Phantom Stock units purchased: 744 units
Purchase price per Phantom Stock unit: $42.0559 per unit
Phantom Stock units after transaction: 57,992 units
+4 more
7 metrics
Phantom Stock units purchased
744 units
Transaction code P, open-market purchase
Purchase price per Phantom Stock unit
$42.0559 per unit
Phantom Stock transaction
Phantom Stock units after transaction
57,992 units
Total Phantom Stock holdings following transaction
Direct common shares
458,658 shares
Direct UBSI common stock holdings
Indirect shares via spouse
1,000 shares
Indirect ownership by spouse
Indirect shares via Bray & Oakley Insurance
36,800 shares
Indirect ownership through Bray & Oakley Insurance
Net buy-sell shares
744 shares
Net effect of reported transactions
Key Terms
Phantom Stock, open-market purchase, indirect ownership, 1 for 1
4 terms
Phantom Stock financial
"Shares of phantom stock are payable in cash following the reporting persons termination of employment with UBSI."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"direct_or_indirect": "I","nature_of_ownership": "By Spouse""
1 for 1 financial
"1 for 1"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did WINTER P CLINTON report for UBSI?
WINTER P CLINTON reported buying 744 units of Phantom Stock linked to UNITED BANKSHARES INC/WV common stock. These units were purchased at $42.0559 each and increase his cash-settled, stock-linked compensation exposure while leaving his existing common share holdings in place.
What is Phantom Stock in the UBSI Form 4 filing for WINTER P CLINTON?
Phantom Stock represents units tied 1-for-1 to UBSI common shares but payable in cash. According to the filing, these phantom shares are paid out after the reporting person’s termination of employment, making them a deferred, cash-settled incentive rather than actual share ownership.
How many Phantom Stock units does WINTER P CLINTON hold after the UBSI transaction?
After the reported purchase, WINTER P CLINTON holds 57,992 Phantom Stock units. Each unit tracks UBSI common stock on a 1-for-1 basis and will be settled in cash following his termination, aligning his compensation with shareholder value over time.
Was the UBSI Phantom Stock transaction a buy or sell by WINTER P CLINTON?
The UBSI Form 4 classifies the Phantom Stock entry as a purchase with transaction code P, indicating an open-market or private acquisition. It covers 744 Phantom Stock units at $42.0559 each, increasing his deferred, stock-linked position in the company.