WesBanco (NASDAQ: WSBC) EVP uses 1,491 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WesBanco Inc. executive Robert H. Friend reported a tax-related share disposition. On June 1, 2026, he had 1,491 shares of Common Stock withheld at $34.56 per share to cover tax obligations by delivering shares rather than paying cash.
After this non-market transaction, he directly holds 17,361.437 shares of WesBanco common stock. The filing classifies the event as a tax-withholding disposition, not an open-market sale or purchase, so it mainly reflects compensation and tax mechanics rather than a change in investment view.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Friend Robert H
Role
EVP & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,491 | $34.56 | $52K |
Holdings After Transaction:
Common Stock — 17,361.437 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 1,491 shares
Price per share: $34.56 per share
Shares held after transaction: 17,361.437 shares
3 metrics
Shares used for tax withholding
1,491 shares
Tax-withholding disposition of Common Stock on June 1, 2026
Price per share
$34.56 per share
Value assigned to shares delivered for tax obligations
Shares held after transaction
17,361.437 shares
Direct WesBanco common stock holdings following the Form 4 transaction
Key Terms
tax-withholding disposition, Common Stock, Form 4, EVP & CCO
4 terms
tax-withholding disposition financial
"The filing classifies the event as a tax-withholding disposition, not an open-market sale"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"1,491 shares of Common Stock were withheld at $34.56 per share"
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.
Form 4 regulatory
"Robert H. Friend’s Form 4 reports a tax-withholding share disposition tied to compensation"
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.
EVP & CCO financial
"WesBanco EVP & CCO Robert H. Friend reported a tax-withholding disposition"
FAQ
What insider transaction did WesBanco (WSBC) report for Robert H. Friend?
WesBanco EVP & CCO Robert H. Friend reported a tax-withholding disposition of 1,491 shares of Common Stock. The shares were delivered to cover tax liabilities, rather than sold in the open market, and therefore do not reflect an investment decision.
Was the WesBanco (WSBC) insider transaction an open-market sale or purchase?
No. The transaction is coded as a tax-withholding disposition, meaning 1,491 shares were delivered to cover tax liabilities. It was not classified as an open-market sale or purchase, so it primarily reflects compensation-related tax treatment, not directional trading activity.
Who is the insider in the WesBanco (WSBC) Form 4 and what is his role?
The insider is Robert H. Friend, who serves as Executive Vice President and Chief Credit Officer of WesBanco Inc. His Form 4 reports a tax-withholding share disposition tied to compensation, while he continues to hold more than seventeen thousand WesBanco common shares directly.