United Bankshares Director Sells Shares for $148,544
Mark R. Nesselroad, a director at United Bankshares (NASDAQ:UBSI), indirectly sold 3,200 shares of the company's common stock on September 1, 2026, according to an SEC Form 4 filing. The transaction was valued at $148,544 based on a weighted average sale price of $46.42 per share. Following this indirect sale, Nesselroad holds 16,621 shares directly and over 50,000 indirectly through family members and corporate entities. The stock has delivered strong performance in the past year with a total return of approximately 21%. United Bankshares reported $1.2 billion in trailing twelve-month revenue and net income of $514.2 million as of September 1, 2026. The company operates through community banking services across multiple markets. Analysts suggest the sale is likely a routine transaction rather than an indication of lack of confidence in United Bankshares' performance.
Tickers: $UBSI
Topics: director activity SEC filing stock sale