Director at WesBanco (WSBC) awarded 2,417 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Altman Louis Michael reported acquisition or exercise transactions in this Form 4 filing.
WesBanco director Louis Michael Altman reported a stock award that increased his holdings. He received a grant of 2,417 shares of Common Stock at $0.00 per share, bringing his direct ownership to 30,164.287 shares.
Altman also reports 15,621.97 shares held indirectly as a co-trustee of family trusts. The filing does not show any open-market buying or selling, indicating a routine equity compensation grant rather than a market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Altman Louis Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,417 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,164.287 shares (Direct, null);
Common Stock — 15,621.97 shares (Indirect, Co-Ttee of Family Trusts)
Footnotes (1)
Key Figures
Stock grant size: 2,417 shares
Grant price: $0.00 per share
Direct holdings after grant: 30,164.287 shares
+1 more
4 metrics
Stock grant size
2,417 shares
Common Stock grant/award acquisition, code A
Grant price
$0.00 per share
Reported transaction price for 2,417-share award
Direct holdings after grant
30,164.287 shares
Total direct WesBanco common shares after award
Indirect trust holdings
15,621.97 shares
Held as Co-Ttee of Family Trusts
Key Terms
Form 4, grant/award acquisition, indirect ownership, Co-Ttee of Family Trusts
4 terms
Form 4 financial
"INSIDER FILING DATA (Form 4): reporting WesBanco insider transactions"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant/award acquisition financial
"transaction_action is listed as grant/award acquisition for 2,417 shares"
indirect ownership financial
"ownership_type marked indirect with code I for trust-held shares"
Co-Ttee of Family Trusts financial
"nature_of_ownership described as Co-Ttee of Family Trusts"
FAQ
What did Louis Michael Altman report in this WesBanco (WSBC) Form 4 filing?
Altman reported receiving a grant of 2,417 WesBanco common shares at $0.00 per share. This stock award increased his direct holdings to 30,164.287 shares, with additional shares held indirectly through family trusts.
What are Louis Michael Altman’s total direct WesBanco (WSBC) holdings after this grant?
Following the award, Altman’s direct ownership rose to 30,164.287 WesBanco common shares. This figure comes from the total_shares_following_transaction field associated with the 2,417-share grant reported in the Form 4 filing.
Does this WesBanco (WSBC) Form 4 show any open-market stock purchases or sales?
The filing does not show any open-market buys or sells. It reports a grant/award acquisition of 2,417 shares and an additional entry reflecting indirect holdings, but no transactions coded as open-market purchases or sales.
What indirect WesBanco (WSBC) holdings does Altman report in this Form 4?
Altman reports 15,621.97 WesBanco common shares held indirectly as “Co-Ttee of Family Trusts.” This reflects shares associated with family trusts, separate from his 30,164.287 directly held shares after the reported grant.
Is the WesBanco (WSBC) stock award to Altman a routine compensation event?
The transaction is coded as a grant/award acquisition (code A) at $0.00 per share, which is typical for equity compensation. The absence of buy or sell codes suggests this is a routine compensation grant, not a discretionary market trade.