WesBanco WSBC reports 80 preferred depositary shares redeemed
WesBanco Inc. (WSBC) reported that an executive officer, serving as SEVP/Chief Risk Officer, had 80 depositary shares of the company’s preferred stock redeemed on 11/17/2025.
Rhea-AI Filing Summary
WesBanco Inc. (WSBC) reported that an executive officer, serving as SEVP/Chief Risk Officer, had 80 depositary shares of the company’s preferred stock redeemed on 11/17/2025. The Form 4 shows a disposition of 80 depositary shares at a price of $25 per share, leaving 0 shares beneficially owned after the transaction, held directly.
According to the explanation, these depositary shares represented a 1/40th interest in a share of WesBanco’s 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The shares were called for redemption by WesBanco, meaning the company required their redemption rather than the officer selling them on the open market.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Depositary Shares | 80 | $25.00 | $2K |
Footnotes (1)
- F1. The depository shares, represented by a 1/40th interest in a share of WesBanco, Inc.'s 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, no par value per share, were called for redemption by the issuer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WesBanco Inc. (WSBC) report in this Form 4?
WesBanco Inc. reported that its SEVP/Chief Risk Officer had 80 depositary shares of preferred stock redeemed on 11/17/2025, reducing their beneficial ownership to 0 shares.
What type of security was involved in the WesBanco (WSBC) insider transaction?
The transaction involved depositary shares, each representing a 1/40th interest in a share of WesBanco’s 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.
What is the relationship of the reporting person to WesBanco (WSBC)?
The reporting person is an officer of WesBanco Inc., serving as SEVP/Chief Risk Officer, and filed the Form 4 as a single reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.