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.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-02-20Williams Darren K (Executive Vice-President)Sell922.0044.07Common Stock
N/AWilliams Darren K (Executive Vice-President)Holding2,208.00N/ACommon Stock - Direct IRA
N/AWilliams Darren K (Executive Vice-President)Holding5,084.74N/ACommon Stock
2020-02-24Williams Darren K (Executive Vice-President)Holding7,246.00N/AStock Option
2021-02-24Williams Darren K (Executive Vice-President)Holding3,623.00N/AStock Option
2018-02-26Williams Darren K (Executive Vice-President)Holding7,603.00N/AStock Option
2019-02-25Williams Darren K (Executive Vice-President)Holding5,419.00N/AStock Option
2017-02-27Williams Darren K (Executive Vice-President)Holding7,603.00N/AStock Option
2026-02-20Tatterson William Mark (Executive Vice President)Sell2,069.0044.07Common Stock
N/ATatterson William Mark (Executive Vice President)Holding9,224.12N/ACommon Stock
N/ATatterson William Mark (Executive Vice President)Holding89.58N/ACommon Stock
2021-02-24Tatterson William Mark (Executive Vice President)Holding5,905.00N/AStock Option
2018-02-26Tatterson William Mark (Executive Vice President)Holding12,453.00N/AStock Option
2019-02-25Tatterson William Mark (Executive Vice President)Holding9,290.00N/AStock Option
2017-02-27Tatterson William Mark (Executive Vice President)Holding12,453.00N/AStock Option
2020-02-24Tatterson William Mark (Executive Vice President)Holding11,809.00N/AStock Option - United
2026-02-20ADAMS RICHARD M JR (Chief Executive Officer)Sell4,530.0044.07Common Stock
N/AADAMS RICHARD M JR (Chief Executive Officer)Holding16,620.38N/ACommon Stock
N/AADAMS RICHARD M JR (Chief Executive Officer)Holding10,986.08N/ACommon Stock
N/AADAMS RICHARD M JR (Chief Executive Officer)Holding254.15N/APhantom Stock
2020-02-24ADAMS RICHARD M JR (Chief Executive Officer)Holding14,761.00N/AStock Option
2021-02-24ADAMS RICHARD M JR (Chief Executive Officer)Holding7,381.00N/AStock Option
2018-02-26ADAMS RICHARD M JR (Chief Executive Officer)Holding16,060.00N/AStock Option
2019-02-25ADAMS RICHARD M JR (Chief Executive Officer)Holding11,613.00N/AStock Option
2017-02-27ADAMS RICHARD M JR (Chief Executive Officer)Holding16,060.00N/AStock Option
2026-02-20ADAMS RICHARD M SR (Executive Chairman)Sell3,865.0044.07Common Stock
N/AADAMS RICHARD M SR (Executive Chairman)Holding7,697.53N/ACommon Stock - Direct IRA
N/AADAMS RICHARD M SR (Executive Chairman)Holding81,186.51N/ACommon Stock
N/AADAMS RICHARD M SR (Executive Chairman)Holding1,400.00N/ACommon Stock
N/AADAMS RICHARD M SR (Executive Chairman)Holding25,207.30N/ACommon Stock
N/AADAMS RICHARD M SR (Executive Chairman)Holding4,022.75N/ACommon Stock
2020-02-24ADAMS RICHARD M SR (Executive Chairman)Holding44,083.00N/AStock Option
2021-02-24ADAMS RICHARD M SR (Executive Chairman)Holding22,041.00N/AStock Option
2018-02-26ADAMS RICHARD M SR (Executive Chairman)Holding49,519.00N/AStock Option
2019-02-25ADAMS RICHARD M SR (Executive Chairman)Holding33,910.00N/AStock Option
2017-02-27ADAMS RICHARD M SR (Executive Chairman)Holding49,519.00N/AStock Option
2026-02-20CONSAGRA JAMES J JR (Chief Operating Officer)Sell2,984.0044.07Common Stock
N/ACONSAGRA JAMES J JR (Chief Operating Officer)Holding11,610.68N/ACommon Stock
2020-02-24CONSAGRA JAMES J JR (Chief Operating Officer)Holding14,761.00N/AStock Option
2021-02-24CONSAGRA JAMES J JR (Chief Operating Officer)Holding7,381.00N/AStock Option
2018-02-26CONSAGRA JAMES J JR (Chief Operating Officer)Holding16,060.00N/AStock Option
2019-02-25CONSAGRA JAMES J JR (Chief Operating Officer)Holding11,613.00N/AStock Option
2017-02-27CONSAGRA JAMES J JR (Chief Operating Officer)Holding16,060.00N/AStock Option
2026-02-20Ernest Douglas Bryan (Executive Vice-President)Sell812.0044.07Common Stock
N/AErnest Douglas Bryan (Executive Vice-President)Holding8,181.31N/ACommon Stock
N/AErnest Douglas Bryan (Executive Vice-President)Holding79.00N/ACommon Stock
2020-02-24Ernest Douglas Bryan (Executive Vice-President)Holding7,295.00N/AStock Option
2021-02-24Ernest Douglas Bryan (Executive Vice-President)Holding3,647.00N/AStock Option
2018-02-26Ernest Douglas Bryan (Executive Vice-President)Holding7,676.00N/AStock Option
2019-02-25Ernest Douglas Bryan (Executive Vice-President)Holding5,455.00N/AStock Option
2017-02-27Ernest Douglas Bryan (Executive Vice-President)Holding7,676.00N/AStock Option
2026-02-20Gurtis Julie R (Executive Vice President)Sell1,093.0044.07Common Stock
N/AGurtis Julie R (Executive Vice President)Holding13,733.29N/ACommon Stock
N/AGurtis Julie R (Executive Vice President)Holding900.00N/ACommon Stock
N/AGurtis Julie R (Executive Vice President)Holding1,364.00N/ACommon Stock
2020-02-24Gurtis Julie R (Executive Vice President)Holding1,453.00N/AStock Option
2018-02-26Gurtis Julie R (Executive Vice President)Holding3,200.00N/AStock Option
2019-02-25Gurtis Julie R (Executive Vice President)Holding3,200.00N/AStock Option
2017-02-27Gurtis Julie R (Executive Vice President)Holding3,200.00N/AStock Option
2026-02-20Humphrey Matthew L (Executive Vice President)Sell1,224.0044.07Common Stock
N/AHumphrey Matthew L (Executive Vice President)Holding4,154.06N/ACommon Stock
2020-02-24Humphrey Matthew L (Executive Vice President)Holding4,416.00N/AStock Option
2017-11-02Humphrey Matthew L (Executive Vice President)Holding1,800.00N/AStock Option
2018-02-26Humphrey Matthew L (Executive Vice President)Holding3,200.00N/AStock Option
2019-02-25Humphrey Matthew L (Executive Vice President)Holding4,613.00N/AStock Option
2017-02-27Humphrey Matthew L (Executive Vice President)Holding3,200.00N/AStock Option
2026-02-20KAYES HENRY M JR (EVP)Sell919.0044.07Common Stock
N/AKAYES HENRY M JR (EVP)Holding3,145.44N/ACommon Stock
N/AKAYES HENRY M JR (EVP)Holding788.00N/ACommon Stock
N/AKAYES HENRY M JR (EVP)Holding206.02N/ACommon Stock
2020-02-24KAYES HENRY M JR (EVP)Holding1,089.00N/AStock Option
2018-02-26KAYES HENRY M JR (EVP)Holding3,200.00N/AStock Option
2019-02-25KAYES HENRY M JR (EVP)Holding3,200.00N/AStock Option
2017-02-27KAYES HENRY M JR (EVP)Holding3,200.00N/AStock Option
2026-02-20Mildren Charles J. (Executive Vice President)Sell331.0044.07Common Stock
N/AMildren Charles J. (Executive Vice President)Holding7,174.84N/ACommon Stock
N/AMildren Charles J. (Executive Vice President)Holding652.37N/ACommon Stock
2020-02-24Mildren Charles J. (Executive Vice President)Holding1,453.00N/AStock Option
2018-02-26Mildren Charles J. (Executive Vice President)Holding3,200.00N/AStock Option
2019-02-25Mildren Charles J. (Executive Vice President)Holding3,200.00N/AStock Option
2017-02-27Mildren Charles J. (Executive Vice President)Holding3,200.00N/AStock Option
2026-02-20Proctor Michael (Executive Vice President)Sell295.0044.07Common Stock
N/AProctor Michael (Executive Vice President)Holding4,593.95N/ACommon Stock
2020-02-24Proctor Michael (Executive Vice President)Holding906.00N/AStock Option
2018-02-26Proctor Michael (Executive Vice President)Holding2,000.00N/AStock Option
2019-02-25Proctor Michael (Executive Vice President)Holding2,000.00N/AStock Option
2017-02-27Proctor Michael (Executive Vice President)Holding1,500.00N/AStock Option
2026-02-20Schultheis Anna J (Executive Vice President)Sell353.0044.07Common Stock
N/ASchultheis Anna J (Executive Vice President)Holding13,199.95N/ACommon Stock
N/ASchultheis Anna J (Executive Vice President)Holding1,228.95N/ACommon Stock
2020-02-24Schultheis Anna J (Executive Vice President)Holding793.00N/AStock Option
2018-02-26Schultheis Anna J (Executive Vice President)Holding1,750.00N/AStock Option
2019-02-25Schultheis Anna J (Executive Vice President)Holding1,750.00N/AStock Option
2017-02-27Schultheis Anna J (Executive Vice President)Holding1,750.00N/AStock Option
2026-02-20Shaver Ami L (Executive Vice President)Sell368.0044.07Common Stock
N/AShaver Ami L (Executive Vice President)Holding9,538.79N/ACommon Stock
2020-02-24Shaver Ami L (Executive Vice President)Holding906.00N/AStock Option
2018-02-26Shaver Ami L (Executive Vice President)Holding2,000.00N/AStock Option
2019-02-25Shaver Ami L (Executive Vice President)Holding2,000.00N/AStock Option
2017-02-27Shaver Ami L (Executive Vice President)Holding2,000.00N/AStock Option
2026-02-20Draber Ross M (Executive Vice President)Sell922.0044.07Common Stock
N/ADraber Ross M (Executive Vice President)Holding5,555.28N/ACommon Stock
2020-02-24Draber Ross M (Executive Vice President)Holding1,453.00N/AStock Option
2018-02-26Draber Ross M (Executive Vice President)Holding3,000.00N/AStock Option
2019-02-25Draber Ross M (Executive Vice President)Holding3,200.00N/AStock Option
2017-02-27Draber Ross M (Executive Vice President)Holding2,500.00N/AStock Option