Wesbanco (WSBC) grants 5,960 RSUs to chief legal counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Laws Richard K reported acquisition or exercise transactions in this Form 4 filing.
Wesbanco Inc. reported that SEVP and Chief Legal Counsel Richard K. Laws received a grant of 5,960 Restricted Stock Units as equity compensation. Each unit represents a contingent right to receive one share of Wesbanco common stock. The RSUs vest in three equal annual installments beginning on May 20, 2027, aligning value with longer-term service. Following this grant, Laws is reported as directly holding 5,960 RSUs linked to Wesbanco common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Laws Richard K
Role
SEVP Chief Legal Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,960 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,960 shares (Direct, null)
Footnotes (1)
- Eash Restricted Stock Unit represents a contingent right to receive one share of Wesbanco common stock Restrict Stock Units vest in three equal annual installments beginning May 20, 2027.
Key Figures
RSUs granted: 5,960 units
RSUs after transaction: 5,960 units
Vesting schedule: 3 equal annual installments
+2 more
5 metrics
RSUs granted
5,960 units
Restricted Stock Units granted to Richard K. Laws
RSUs after transaction
5,960 units
Total RSUs directly held following the grant
Vesting schedule
3 equal annual installments
RSUs vest in three tranches starting May 20, 2027
Conversion ratio
1 RSU : 1 share
Each RSU is a contingent right to one common share
Transaction price per unit
$0.0000
Compensation grant, no purchase price paid per RSU
Key Terms
Restricted Stock Units, contingent right, vest, Common Stock
4 terms
Restricted Stock Units financial
"The Form 4 reports a grant of 5,960 Restricted Stock Units as equity compensation."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each unit represents a contingent right to receive one share of Wesbanco common stock."
vest financial
"The RSUs vest in three equal annual installments beginning on May 20, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"Each unit represents a contingent right to receive one share of Wesbanco common stock."
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.
FAQ
What insider transaction did Wesbanco (WSBC) report for Richard K. Laws?
Wesbanco reported that SEVP and Chief Legal Counsel Richard K. Laws received 5,960 Restricted Stock Units. These RSUs are a stock-based compensation award, each linked to one Wesbanco common share, and are not an open-market share purchase or sale.
How many Restricted Stock Units were granted to Richard K. Laws at Wesbanco (WSBC)?
Richard K. Laws was granted 5,960 Restricted Stock Units. This entire amount is reported as directly held after the transaction, reflecting a new compensation award rather than a trade in the open market.
When do Richard K. Laws’ Wesbanco (WSBC) RSUs vest?
The Restricted Stock Units vest in three equal annual installments beginning May 20, 2027. This schedule means the award is spread over multiple years, encouraging continued service and long-term alignment with Wesbanco’s common shareholders.
What does each Wesbanco (WSBC) Restricted Stock Unit represent for Richard K. Laws?
Each Restricted Stock Unit represents a contingent right to receive one share of Wesbanco common stock. The units convert into shares only as they vest over time, making this a deferred equity-based compensation arrangement rather than immediate share ownership.
Is the Wesbanco (WSBC) Form 4 transaction a stock purchase or sale?
The Form 4 reports a grant or award acquisition of 5,960 Restricted Stock Units, not a market purchase or sale. The transaction code A indicates a compensation-related award, with no stated cash price per unit in this grant.