Matthew L. Humphrey, a former Executive Vice President of United Bankshares Inc/WV (NASDAQ:UBSI), filed a statement of changes in beneficial ownership on October 29, 2026, disclosing the forfeiture of unvested restricted stock awards following his resignation from employment with the company.

Key Highlights

  • Forfeiture on resignation: 13,571 unvested restricted stock awards were forfeited back to the issuer in connection with Humphrey's resignation from employment.
  • Restricted stock grants affected: The forfeited shares originated from three grants previously reported on February 22, 2024, February 20, 2025, and February 19, 2026.
  • Direct common stock remaining: Humphrey's direct beneficial ownership of common stock following the reported transaction stands at 24,114.4529 shares.
  • Indirect 401(k) holdings: An additional 4,588.0647 shares are held indirectly through the UBSI 401(k) plan, including shares acquired since the date of his last 401(k) ownership report.
  • Stock options retained: Five stock option positions with exercise prices ranging from $32.51 to $45.30 and covering a total of 17,229 shares of common stock remain beneficially owned directly, with expiration dates through 2030.
  • Transaction date: The date of earliest transaction reported is October 28, 2026.

Humphrey's Departure and Share Forfeiture at United Bankshares

United Bankshares Inc/WV, a bank holding company trading on NASDAQ under the symbol UBSI, had Matthew L. Humphrey serving as Executive Vice President prior to his resignation. According to the filing, Humphrey's departure triggered the forfeiture of 13,571 unvested restricted stock awards back to the issuer. The filing notes that three separate restricted stock award grants, reported on February 22, 2024, February 20, 2025, and February 19, 2026, were the source of the forfeited shares, and the forfeiture is reflected as a reduction to the number of shares reported in the beneficial ownership column.

Following the reported forfeiture, Humphrey's direct beneficial ownership of United Bankshares common stock is listed at 24,114.4529 shares. His indirect holdings through the UBSI 401(k) plan total 4,588.0647 shares, which the filing states includes additional shares acquired under the plan since the date of his last 401(k) ownership report. No transaction code or price is recorded for the common stock rows, consistent with the forfeiture being a non-market return of unvested awards to the issuer rather than an open-market sale.

Humphrey also retains five direct stock option positions in United Bankshares common stock. The options carry exercise prices of $32.51, $36.10, $37.60, $38.49, and $45.30, covering 4,416, 1,800, 3,200, 4,613, and 3,200 shares, respectively, for a combined total of 17,229 underlying shares. The expiration dates for these options range from February 27, 2027 through February 24, 2030, according to the filing. The filing was signed by Shelli L. Adams on October 29, 2026.

What Was Disclosed

This filing reported the forfeiture of 13,571 unvested restricted stock awards by former Executive Vice President Matthew L. Humphrey following his resignation from United Bankshares Inc/WV, along with his remaining direct and indirect beneficial ownership positions in company common stock and options.