UBS director purchases phantom stock valued at $25k+

Money Bizwiz Team
3 Min Read


United Bankshares
Inc. (NASDAQ:) director Clinton P. Winter recently acquired phantom stock from the company worth over $25,000, as per the latest SEC filings. The transaction, which occurred on May 21, 2024, involved Winter purchasing 735 units of phantom stock at a price of $34.26 each. Phantom stock, a type of stock that entitles the holder to a cash payment equivalent to the market value of common shares, reflects Winter’s continued investment in United Bankshares’ future.

This strategic move by Winter underscores the confidence that the company’s leadership has in its trajectory. The phantom stock acquisition aligns Winter’s interests with those of the shareholders, as it is settled in cash and linked to the company’s stock performance. United Bankshares, based in Charleston, West Virginia, operates as a state commercial bank with a diverse customer base, making it a significant player in the region’s financial landscape.

The SEC filing also revealed Winter’s total holdings in United Bankshares, which include direct and indirect ownership of a substantial number of common shares. With a stake in the company, Winter’s investment actions signal a positive outlook on the bank’s future performance. Investors often monitor the buying and selling activities of company executives as a gauge of the company’s financial health and potential growth prospects.

InvestingPro Insights

As United Bankshares Inc. (NASDAQ:UBSI) director Clinton P. Winter demonstrates his optimism through the acquisition of phantom stock, it’s essential to consider the company’s financial health and performance metrics. United Bankshares boasts a market capitalization of $4.59 billion and maintains a Price/Earnings (P/E) ratio of 12.97. Additionally, the company’s Price/Book ratio suggests that the stock may be undervalued relative to its assets.

United Bankshares has a long history of rewarding shareholders, with consistent dividend increases over the years. The company’s profitability and strong financial standing contribute to a positive outlook for investors. For a more in-depth analysis of the company, InvestingPro offers valuable insights and tips for informed investment decisions.

Explore more insights and investment tips for United Bankshares on InvestingPro and use the coupon code PRONEWS24 to avail of an exclusive discount on a Pro or Pro+ subscription. Stay informed and make strategic investment decisions with InvestingPro’s comprehensive tools and data.

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