UNITED BANKSHARES INC/WV 10-Q

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS There have been no United equity securities sales during the quarter ended March 31, 2022 that were not registered. The table below includes certain information regarding United’s purchase of its common shares during the quarter ended March 31, 2022: Period Total Number of Shares Purchased (1) (2) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans (3) Maximum Number of Shares that May Yet be Purchased Under the Plans (3) 1/01 – 1/31/2022 0 $ 00.00 0 3,033,796 2/01 – 2/28/2022 30,088 $ 35.84 0 3,033,796 3/01 – 3/31/2022 710,785 $ 35.15 710,785 2,323,011 Total 740,873 $ 35.18 710,785 (1) Includes shares exchanged in connection with the exercise of stock options or the vesting of restricted stock under United’s long-term incentive plans. Shares are purchased pursuant to the terms of the applicable plan and not pursuant to a publicly announced stock repurchase plan. For the quarter ended March 31, 2022 – 30,085 shares at an average price of $35.84 were exchanged by participants in United’s long-term incentive plans. (2) Includes shares purchased in open market transactions by United for a rabbi trust to provide payment of benefits under a deferred compensation plan for certain key officers of United and its subsidiaries. For the quarter ended March 31, 2022, the following shares were purchased for the deferred compensation plan: February 2022 – 3 shares at an average price of $37.91. (3) In October 2019, United’s Board of Directors approved a repurchase plan to repurchase up to 4,000,000 shares of United’s common stock on the open market (the “2019 Plan”). The timing, price and quantity of purchases under the plans are at the discretion of management and the plan may be discontinued, suspended or restarted at any time depending on the facts and circumstances. Item 3. DEFAULTS UPON SENIOR SECURITIES None. 78 Table of Contents Item 4. MINE SAFETY DISCLOSURES None.