other material
confidence high
sentiment positive
materiality 0.55
United Bankshares approves up to 4.75M share buyback; shareholders re-elect all 15 directors
UNITED BANKSHARES INC/WV
- Board approved new plan to repurchase up to 4.75M shares, replacing the 2019 plan.
- From April 1 to May 11, 2022, United bought 1,170,000 shares at $34.32 weighted avg.
- Shareholders elected all 15 director nominees, ratified Ernst & Young as auditor, and approved say-on-pay.
- Bylaws amended to reflect new organizational structure and allow remote shareholder meetings.