Insider Selling Signals a Mixed Picture for United Bankshares
On February 20, 2026, Executive Vice‑President Williams Darren K sold 922 shares of United Bankshares Inc‑WV at $44.07 each, bringing his holdings down to 44,905 shares. The trade comes after a steady stream of purchases over the past two years, including a notable 4,784‑share buy on February 19, 2026, and a 5,000‑share purchase in December 2025. The recent sell is modest in size relative to his overall stake but occurs against a backdrop of broader insider activity—more than a dozen other executives have also traded, with several selling large blocks in the same period.
What the Transaction Means for Investors
The sale’s timing aligns with a slight dip in the stock price (closing at $42.54 on February 22) and a 3.64 % weekly decline, while the company remains on an upward trajectory year‑to‑year (+20.44 %). Analysts often view insider selling as a potential warning, but the volume here is small compared to the total shares held (less than 1 % of his position). Combined with the recent dividend announcement of $0.38 per share, the transaction appears to be a routine portfolio adjustment rather than a signal of impending distress. Investors should, however, monitor whether the trend of insider sells continues or if it is followed by a sustained decline in share price.
Williams Darren K: A Profile of Activity
Williams has a long history of holding and exercising stock options, with option balances ranging from 5,419 to 7,603 shares between 2017 and 2019. His pattern shows a preference for accumulating shares (multiple buys in 2025) while periodically liquidating portions. The February 20 sale follows a December 2025 buy, suggesting a tactical real‑balance rather than a divestment. His consistent holdings in Direct IRA accounts (≈2,208 shares) and other common stock (≈5,085 shares) demonstrate a diversified personal portfolio within the company.
Implications for United Bankshares’ Future
United Bankshares continues to pursue a stable dividend policy and a broad footprint across the Mid‑Atlantic. The company’s 52‑week high of $45.93 and a strong price‑earnings ratio of 13.51 indicate solid valuation relative to peers. Insider activity—both buying and selling—highlights confidence but also caution among top executives. If the selling trend persists, it could foreshadow a shift in executive sentiment, potentially affecting strategic decisions around loan origination or capital allocation. For now, the market reaction remains muted, with social media buzz at 1,280 % but neutral sentiment, suggesting that the broader investor community views the transaction as part of routine portfolio management.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-20 | Williams Darren K (Executive Vice-President) | Sell | 922.00 | 44.07 | Common Stock |
| N/A | Williams Darren K (Executive Vice-President) | Holding | 2,208.00 | N/A | Common Stock - Direct IRA |
| N/A | Williams Darren K (Executive Vice-President) | Holding | 5,084.74 | N/A | Common Stock |
| 2020-02-24 | Williams Darren K (Executive Vice-President) | Holding | 7,246.00 | N/A | Stock Option |
| 2021-02-24 | Williams Darren K (Executive Vice-President) | Holding | 3,623.00 | N/A | Stock Option |
| 2018-02-26 | Williams Darren K (Executive Vice-President) | Holding | 7,603.00 | N/A | Stock Option |
| 2019-02-25 | Williams Darren K (Executive Vice-President) | Holding | 5,419.00 | N/A | Stock Option |
| 2017-02-27 | Williams Darren K (Executive Vice-President) | Holding | 7,603.00 | N/A | Stock Option |
| 2026-02-20 | Tatterson William Mark (Executive Vice President) | Sell | 2,069.00 | 44.07 | Common Stock |
| N/A | Tatterson William Mark (Executive Vice President) | Holding | 9,224.12 | N/A | Common Stock |
| N/A | Tatterson William Mark (Executive Vice President) | Holding | 89.58 | N/A | Common Stock |
| 2021-02-24 | Tatterson William Mark (Executive Vice President) | Holding | 5,905.00 | N/A | Stock Option |
| 2018-02-26 | Tatterson William Mark (Executive Vice President) | Holding | 12,453.00 | N/A | Stock Option |
| 2019-02-25 | Tatterson William Mark (Executive Vice President) | Holding | 9,290.00 | N/A | Stock Option |
| 2017-02-27 | Tatterson William Mark (Executive Vice President) | Holding | 12,453.00 | N/A | Stock Option |
| 2020-02-24 | Tatterson William Mark (Executive Vice President) | Holding | 11,809.00 | N/A | Stock Option - United |
| 2026-02-20 | ADAMS RICHARD M JR (Chief Executive Officer) | Sell | 4,530.00 | 44.07 | Common Stock |
| N/A | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 16,620.38 | N/A | Common Stock |
| N/A | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 10,986.08 | N/A | Common Stock |
| N/A | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 254.15 | N/A | Phantom Stock |
| 2020-02-24 | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 14,761.00 | N/A | Stock Option |
| 2021-02-24 | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 7,381.00 | N/A | Stock Option |
| 2018-02-26 | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 16,060.00 | N/A | Stock Option |
| 2019-02-25 | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 11,613.00 | N/A | Stock Option |
| 2017-02-27 | ADAMS RICHARD M JR (Chief Executive Officer) | Holding | 16,060.00 | N/A | Stock Option |
| 2026-02-20 | ADAMS RICHARD M SR (Executive Chairman) | Sell | 3,865.00 | 44.07 | Common Stock |
| N/A | ADAMS RICHARD M SR (Executive Chairman) | Holding | 7,697.53 | N/A | Common Stock - Direct IRA |
| N/A | ADAMS RICHARD M SR (Executive Chairman) | Holding | 81,186.51 | N/A | Common Stock |
| N/A | ADAMS RICHARD M SR (Executive Chairman) | Holding | 1,400.00 | N/A | Common Stock |
| N/A | ADAMS RICHARD M SR (Executive Chairman) | Holding | 25,207.30 | N/A | Common Stock |
| N/A | ADAMS RICHARD M SR (Executive Chairman) | Holding | 4,022.75 | N/A | Common Stock |
| 2020-02-24 | ADAMS RICHARD M SR (Executive Chairman) | Holding | 44,083.00 | N/A | Stock Option |
| 2021-02-24 | ADAMS RICHARD M SR (Executive Chairman) | Holding | 22,041.00 | N/A | Stock Option |
| 2018-02-26 | ADAMS RICHARD M SR (Executive Chairman) | Holding | 49,519.00 | N/A | Stock Option |
| 2019-02-25 | ADAMS RICHARD M SR (Executive Chairman) | Holding | 33,910.00 | N/A | Stock Option |
| 2017-02-27 | ADAMS RICHARD M SR (Executive Chairman) | Holding | 49,519.00 | N/A | Stock Option |
| 2026-02-20 | CONSAGRA JAMES J JR (Chief Operating Officer) | Sell | 2,984.00 | 44.07 | Common Stock |
| N/A | CONSAGRA JAMES J JR (Chief Operating Officer) | Holding | 11,610.68 | N/A | Common Stock |
| 2020-02-24 | CONSAGRA JAMES J JR (Chief Operating Officer) | Holding | 14,761.00 | N/A | Stock Option |
| 2021-02-24 | CONSAGRA JAMES J JR (Chief Operating Officer) | Holding | 7,381.00 | N/A | Stock Option |
| 2018-02-26 | CONSAGRA JAMES J JR (Chief Operating Officer) | Holding | 16,060.00 | N/A | Stock Option |
| 2019-02-25 | CONSAGRA JAMES J JR (Chief Operating Officer) | Holding | 11,613.00 | N/A | Stock Option |
| 2017-02-27 | CONSAGRA JAMES J JR (Chief Operating Officer) | Holding | 16,060.00 | N/A | Stock Option |
| 2026-02-20 | Ernest Douglas Bryan (Executive Vice-President) | Sell | 812.00 | 44.07 | Common Stock |
| N/A | Ernest Douglas Bryan (Executive Vice-President) | Holding | 8,181.31 | N/A | Common Stock |
| N/A | Ernest Douglas Bryan (Executive Vice-President) | Holding | 79.00 | N/A | Common Stock |
| 2020-02-24 | Ernest Douglas Bryan (Executive Vice-President) | Holding | 7,295.00 | N/A | Stock Option |
| 2021-02-24 | Ernest Douglas Bryan (Executive Vice-President) | Holding | 3,647.00 | N/A | Stock Option |
| 2018-02-26 | Ernest Douglas Bryan (Executive Vice-President) | Holding | 7,676.00 | N/A | Stock Option |
| 2019-02-25 | Ernest Douglas Bryan (Executive Vice-President) | Holding | 5,455.00 | N/A | Stock Option |
| 2017-02-27 | Ernest Douglas Bryan (Executive Vice-President) | Holding | 7,676.00 | N/A | Stock Option |
| 2026-02-20 | Gurtis Julie R (Executive Vice President) | Sell | 1,093.00 | 44.07 | Common Stock |
| N/A | Gurtis Julie R (Executive Vice President) | Holding | 13,733.29 | N/A | Common Stock |
| N/A | Gurtis Julie R (Executive Vice President) | Holding | 900.00 | N/A | Common Stock |
| N/A | Gurtis Julie R (Executive Vice President) | Holding | 1,364.00 | N/A | Common Stock |
| 2020-02-24 | Gurtis Julie R (Executive Vice President) | Holding | 1,453.00 | N/A | Stock Option |
| 2018-02-26 | Gurtis Julie R (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2019-02-25 | Gurtis Julie R (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2017-02-27 | Gurtis Julie R (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2026-02-20 | Humphrey Matthew L (Executive Vice President) | Sell | 1,224.00 | 44.07 | Common Stock |
| N/A | Humphrey Matthew L (Executive Vice President) | Holding | 4,154.06 | N/A | Common Stock |
| 2020-02-24 | Humphrey Matthew L (Executive Vice President) | Holding | 4,416.00 | N/A | Stock Option |
| 2017-11-02 | Humphrey Matthew L (Executive Vice President) | Holding | 1,800.00 | N/A | Stock Option |
| 2018-02-26 | Humphrey Matthew L (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2019-02-25 | Humphrey Matthew L (Executive Vice President) | Holding | 4,613.00 | N/A | Stock Option |
| 2017-02-27 | Humphrey Matthew L (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2026-02-20 | KAYES HENRY M JR (EVP) | Sell | 919.00 | 44.07 | Common Stock |
| N/A | KAYES HENRY M JR (EVP) | Holding | 3,145.44 | N/A | Common Stock |
| N/A | KAYES HENRY M JR (EVP) | Holding | 788.00 | N/A | Common Stock |
| N/A | KAYES HENRY M JR (EVP) | Holding | 206.02 | N/A | Common Stock |
| 2020-02-24 | KAYES HENRY M JR (EVP) | Holding | 1,089.00 | N/A | Stock Option |
| 2018-02-26 | KAYES HENRY M JR (EVP) | Holding | 3,200.00 | N/A | Stock Option |
| 2019-02-25 | KAYES HENRY M JR (EVP) | Holding | 3,200.00 | N/A | Stock Option |
| 2017-02-27 | KAYES HENRY M JR (EVP) | Holding | 3,200.00 | N/A | Stock Option |
| 2026-02-20 | Mildren Charles J. (Executive Vice President) | Sell | 331.00 | 44.07 | Common Stock |
| N/A | Mildren Charles J. (Executive Vice President) | Holding | 7,174.84 | N/A | Common Stock |
| N/A | Mildren Charles J. (Executive Vice President) | Holding | 652.37 | N/A | Common Stock |
| 2020-02-24 | Mildren Charles J. (Executive Vice President) | Holding | 1,453.00 | N/A | Stock Option |
| 2018-02-26 | Mildren Charles J. (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2019-02-25 | Mildren Charles J. (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2017-02-27 | Mildren Charles J. (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2026-02-20 | Proctor Michael (Executive Vice President) | Sell | 295.00 | 44.07 | Common Stock |
| N/A | Proctor Michael (Executive Vice President) | Holding | 4,593.95 | N/A | Common Stock |
| 2020-02-24 | Proctor Michael (Executive Vice President) | Holding | 906.00 | N/A | Stock Option |
| 2018-02-26 | Proctor Michael (Executive Vice President) | Holding | 2,000.00 | N/A | Stock Option |
| 2019-02-25 | Proctor Michael (Executive Vice President) | Holding | 2,000.00 | N/A | Stock Option |
| 2017-02-27 | Proctor Michael (Executive Vice President) | Holding | 1,500.00 | N/A | Stock Option |
| 2026-02-20 | Schultheis Anna J (Executive Vice President) | Sell | 353.00 | 44.07 | Common Stock |
| N/A | Schultheis Anna J (Executive Vice President) | Holding | 13,199.95 | N/A | Common Stock |
| N/A | Schultheis Anna J (Executive Vice President) | Holding | 1,228.95 | N/A | Common Stock |
| 2020-02-24 | Schultheis Anna J (Executive Vice President) | Holding | 793.00 | N/A | Stock Option |
| 2018-02-26 | Schultheis Anna J (Executive Vice President) | Holding | 1,750.00 | N/A | Stock Option |
| 2019-02-25 | Schultheis Anna J (Executive Vice President) | Holding | 1,750.00 | N/A | Stock Option |
| 2017-02-27 | Schultheis Anna J (Executive Vice President) | Holding | 1,750.00 | N/A | Stock Option |
| 2026-02-20 | Shaver Ami L (Executive Vice President) | Sell | 368.00 | 44.07 | Common Stock |
| N/A | Shaver Ami L (Executive Vice President) | Holding | 9,538.79 | N/A | Common Stock |
| 2020-02-24 | Shaver Ami L (Executive Vice President) | Holding | 906.00 | N/A | Stock Option |
| 2018-02-26 | Shaver Ami L (Executive Vice President) | Holding | 2,000.00 | N/A | Stock Option |
| 2019-02-25 | Shaver Ami L (Executive Vice President) | Holding | 2,000.00 | N/A | Stock Option |
| 2017-02-27 | Shaver Ami L (Executive Vice President) | Holding | 2,000.00 | N/A | Stock Option |
| 2026-02-20 | Draber Ross M (Executive Vice President) | Sell | 922.00 | 44.07 | Common Stock |
| N/A | Draber Ross M (Executive Vice President) | Holding | 5,555.28 | N/A | Common Stock |
| 2020-02-24 | Draber Ross M (Executive Vice President) | Holding | 1,453.00 | N/A | Stock Option |
| 2018-02-26 | Draber Ross M (Executive Vice President) | Holding | 3,000.00 | N/A | Stock Option |
| 2019-02-25 | Draber Ross M (Executive Vice President) | Holding | 3,200.00 | N/A | Stock Option |
| 2017-02-27 | Draber Ross M (Executive Vice President) | Holding | 2,500.00 | N/A | Stock Option |




