WesBanco (WSBC) risk chief gets 1,380-share grant, withholds 3,406 for taxes
Rhea-AI Filing Summary
WesBanco Inc. executive Michael L. Perkins reported routine equity compensation and related tax withholding transactions. As SEVP/Chief Risk Officer, he received a grant of 1,380 shares of common stock on June 1, 2026 at a stated price of $0.0000 per share, reflecting an award rather than a market purchase. On the same date, 3,406 shares were disposed of in three F-code transactions at prices between $33.42 and $34.56 per share to satisfy exercise price or tax liabilities, not as open‑market sales. After these transactions, Perkins directly owned 58,955.955 shares of WesBanco common stock and indirectly held 3,242.561 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insights
Routine equity award with tax withholding; no open-market trades reported.
Michael L. Perkins, SEVP/Chief Risk Officer of WesBanco Inc., reported a grant of 1,380 common shares as compensation and three F-code dispositions totaling 3,406 shares on June 1, 2026. F-code events reflect shares delivered to cover tax or exercise obligations.
Because the filing shows no open-market purchases or sales, the economic signal is limited. Following these entries, Perkins directly held 58,955.955 shares and had an additional 3,242.561 shares held indirectly via a 401(k) plan, indicating a continued meaningful equity stake.
The absence of derivative transactions or sales codes suggests this Form 4 records compensation and related withholding only. Future company filings may provide additional context on ongoing equity awards and any subsequent discretionary trading activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,380 | $0.00 | -- |
| Tax Withholding | Common Stock | 148 | $33.43 | $5K |
| Tax Withholding | Common Stock | 228 | $33.42 | $8K |
| Tax Withholding | Common Stock | 3,030 | $34.56 | $105K |
| holding | Common Stock | -- | -- | -- |