Equity award boosts WesBanco (WSBC) director Todd Clossin’s stock holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESBANCO INC director Todd Clossin reported an equity award of company stock. He received a grant of 2,417 shares of Common Stock at a stated price of $0.0000 per share, classified as a grant, award, or other acquisition. After this award, his direct holdings total 152,524.867 shares of Common Stock. He also has an additional 5,303.865 shares held indirectly through a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clossin Todd
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,417 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 152,524.867 shares (Direct, null);
Common Stock — 5,303.865 shares (Indirect, By 401(k) Plan)
Footnotes (1)
Key Figures
Equity award shares: 2,417 shares
Award price per share: $0.0000 per share
Direct holdings after award: 152,524.867 shares
+1 more
4 metrics
Equity award shares
2,417 shares
Grant, award, or other acquisition of Common Stock
Award price per share
$0.0000 per share
Stated price for granted Common Stock
Direct holdings after award
152,524.867 shares
Common Stock directly owned after transaction
Indirect 401(k) holdings
5,303.865 shares
Common Stock held indirectly by 401(k) Plan
Key Terms
Common Stock, Grant, award, or other acquisition, 401(k) Plan
3 terms
Common Stock financial
"He received a grant of 2,417 shares of Common Stock at a stated price"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"classified as a grant, award, or other acquisition"
401(k) Plan financial
"He also has an additional 5,303.865 shares held indirectly through a 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider transaction did Todd Clossin report for WESBANCO INC (WSBC)?
Todd Clossin reported receiving an equity award of WESBANCO INC Common Stock. He was granted 2,417 shares classified as a grant, award, or other acquisition, reflecting compensation rather than an open-market purchase or sale, according to the Form 4 data.
Was the WESBANCO INC (WSBC) Form 4 transaction an open-market buy or sell?
The filing shows a grant, award, or other acquisition of 2,417 Common Stock shares at $0.0000 per share. It is categorized as compensation-related, not an open-market buy or sell, based on the Form 4 transaction code A and description.
What does the indirect ownership in WESBANCO INC (WSBC) represent for Todd Clossin?
Todd Clossin’s indirect ownership reflects 5,303.865 shares of WESBANCO INC Common Stock held by a 401(k) Plan. This indicates retirement-plan holdings separate from his directly owned 152,524.867 shares reported in the same Form 4 filing.
How is the transaction in the WESBANCO INC (WSBC) Form 4 coded?
The primary transaction is coded A, described as a Grant, award, or other acquisition of 2,417 Common Stock shares. Another entry is a holding record for 5,303.865 indirectly held shares in a 401(k) Plan, with an unknown transaction code.