WesBanco (WSBC) EVP Robert H. Friend exercises 6,000 options, sells 6,000 shares
Rhea-AI Filing Summary
WesBanco Inc executive Robert H. Friend (EVP & CCO) reported multiple option exercises and stock sales on August 11, 2026. He exercised 6,000 stock options for common stock at exercise prices of $38.78, $32.30, $24.91 and $28.60 per share, with option expiration dates ranging from 2028 to 2031. The exercises resulted in corresponding acquisitions of 6,000 shares of common stock, followed by open-market sales totaling 6,000 shares at per-share prices including $42.06, $42.05 and $42.08. Footnotes state these options vested or vest in two installments between 2021 and 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 6,000 shares ($74K approx. pre-tax spread)
Exercise and Sale
15 txns
Insider
Friend Robert H
Role
EVP & CCO
Sold
6,000 shs ($252K)
Approx. gross sale proceeds
$252K
Approx. exercise cost
$178K
Approx. pre-tax spread
$74K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option F1 | 1,000 | $0.00 | $0.00 |
| Exercise | Stock Option F2 | 1,000 | $0.00 | $0.00 |
| Exercise | Stock Option F3 | 2,000 | $0.00 | $0.00 |
| Exercise | Stock Option F4 | 2,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,000 | $38.78 | $39K |
| Sale | Common Stock | 1,000 | $42.06 | $42K |
| Exercise | Common Stock | 1,000 | $32.30 | $32K |
| Sale | Common Stock | 787 | $42.045 | $33K |
| Sale | Common Stock | 213 | $42.05 | $9K |
| Exercise | Common Stock | 2,000 | $24.91 | $50K |
| Sale | Common Stock | 2,000 | $42.05 | $84K |
| Exercise | Common Stock | 2,000 | $28.60 | $57K |
| Sale | Common Stock | 200 | $42.06 | $8K |
| Sale | Common Stock | 700 | $42.07 | $29K |
| Sale | Common Stock | 1,100 | $42.08 | $46K |
Holdings After Transaction:
Stock Option — 0 shares (Direct);
Common Stock — 17,361.437 shares (Direct)
Footnotes (4)
- F1. Options vested in 2 equal installments beginning 12/31/21.
- F2. Options vested in 2 equal installments on May 18, 2023 and December 31, 2023.
- F3. Options vested in two equal installments on May 24, 2024 and December 31, 2024.
- F4. Options vest in two equal installments on May 15, 2025 and December 31, 2025.
Key Figures
Options exercised: 6,000 shares
Shares sold: 6,000 shares
Exercise price 1: $38.78 per share
+4 more
7 metrics
Options exercised
6,000 shares
Total stock options exercised on August 11, 2026
Shares sold
6,000 shares
Total WesBanco common shares sold in open-market transactions
Exercise price 1
$38.78 per share
Stock option exercise price for 1,000 options expiring May 19, 2028
Exercise price 2
$32.30 per share
Stock option exercise price for 1,000 options expiring May 18, 2029
Exercise price 3
$24.91 per share
Stock option exercise price for 2,000 options expiring May 24, 2030
Exercise price 4
$28.60 per share
Stock option exercise price for 2,000 options expiring May 15, 2031
Representative sale price
$42.06 per share
One of several reported per-share prices for common stock sales
Key Terms
Stock Option, Exercise or conversion of derivative security, expiration date, vested
4 terms
Stock Option financial
"security_title: Stock Option"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
expiration date financial
"expiration_date: 2031-05-15"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vested financial
"Options vested in 2 equal installments beginning 12/31/21."
FAQ
What did WesBanco (WSBC) executive Robert H. Friend report in this Form 4?
Robert H. Friend reported exercising 6,000 stock options and acquiring 6,000 shares of WesBanco common stock, then selling 6,000 shares in open-market transactions on August 11, 2026, according to the Form 4 data.
How many WesBanco (WSBC) stock options did Robert H. Friend exercise and at what prices?
He exercised 6,000 stock options, consisting of tranches at exercise prices of $38.78, $32.30, $24.91 and $28.60 per share. These options related to grants expiring between 2028 and 2031, as disclosed.
Were Robert H. Friend’s WesBanco (WSBC) transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as a plan transaction (aff_10b5_one is false). The available data does not indicate that these option exercises or sales were executed under a pre-arranged 10b5-1 trading plan.
What vesting information is disclosed for Robert H. Friend’s WesBanco (WSBC) stock options?
Footnotes explain that the exercised options vested in two equal installments, with vesting dates ranging from December 31, 2021 through December 31, 2025. Each option grant has its own specified vesting schedule described in the notes.
Does the Form 4 show remaining WesBanco (WSBC) option holdings for Robert H. Friend?
The derivative position summary in this Form 4 is empty, and no post-transaction option holdings are listed. Only the specific exercises of 6,000 options and related stock transactions are detailed in the reported data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
