The estimated Net Worth of Peter A Converse is at least $23.9 Milhão dollars as of 21 November 2023. Mr. Converse owns over 740 units of United Bankshares stock worth over $15,834,531 and over the last 11 years he sold UBSI stock worth over $7,893,570. In addition, he makes $212,032 as Director at United Bankshares.
Peter has made over 16 trades of the United Bankshares stock since 2014, according to the Form 4 filled with the SEC. Most recently he bought 740 units of UBSI stock worth $24,575 on 21 November 2023.
The largest trade he's ever made was selling 69,020 units of United Bankshares stock on 16 February 2018 worth over $2,555,811. On average, Peter trades about 9,500 units every 128 days since 2014. As of 21 November 2023 he still owns at least 438,023 units of United Bankshares stock.
You can see the complete history of Mr. Converse stock trades at the bottom of the page.
Peter A. Converse is the Director of United Bankshares, Inc. Mr. Converse is the former President and Chief Executive Officer of Virginia Commerce Bancorp, Inc. and Virginia Commerce Bank. Mr. Converse is a director of United Bank. Mr. Converse has been a director of the Company since 2014. Mr. Converse has extensive community banking experience of over 40 years in the Washington, D.C. area. He served as President, Chief Executive Officer and a director of Virginia Commerce Bancorp, Inc. for 20 years until January 2014 when Virginia Commerce Bancorp, Inc. was acquired by United. Prior to that, Mr. Converse was the Senior Vice President/Chief Lending Officer for Federal Capital Bank from March 1992 to December 1993; Senior Vice President of Bank of Maryland from October 1990 to March 1992; and Executive Vice President/Chief Lending Officer for Century National Bank from May 1986 to July 1990 and Senior Vice President/Chief Lending Officer for Central National Bank from July 1979 to April 1986. Mr. Converse is a member of the Executive Committee.
As the Director of United Bankshares, the total compensation of Peter Converse at United Bankshares is $212,032. There are 11 executives at United Bankshares getting paid more, with Richard M. Adams Sr. having the highest compensation of $2,779,124.
Peter Converse is 69, he's been the Director of United Bankshares since 2014. There are 6 older and 15 younger executives at United Bankshares. The oldest executive at United Bankshares, Inc. is Richard M. Adams Sr., 74, who is the Chairman & CEO.
Over the last 24 years, insiders at United Bankshares have traded over $20,542,182 worth of United Bankshares stock and bought 125,154 units worth $3,780,610 . The most active insiders traders include Michael P Fitzgerald, Peter A Converse, eRichard M Sr Adams. On average, United Bankshares executives and independent directors trade stock every 30 days with the average trade being worth of $373,285. The most recent stock trade was executed by Ross M Draber on 7 December 2023, trading 1,000 units of UBSI stock currently worth $28,890.
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United Bankshares executives and other stock owners filed with the SEC include: