WesBanco (WSBC) EVP Robert Friend exercises options and sells 2,000 shares
Rhea-AI Filing Summary
WesBanco Inc. executive Robert H. Friend, EVP & CCO, reported option-related transactions on August 11, 2026. He exercised stock options for 2,000 shares of common stock, including 1,000 shares at an exercise price of $31.94 and 1,000 shares at $21.55. The options included grants expiring in 2027 and 2032, with vesting schedules described in the notes. On the same date, he reported selling 2,000 common shares at prices of $42.06 and $42.055 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 2,000 shares ($31K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Friend Robert H
Role
EVP & CCO
Sold
2,000 shs ($84K)
Approx. gross sale proceeds
$84K
Approx. exercise cost
$53K
Approx. pre-tax spread
$31K
| 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 | Common Stock | 1,000 | $31.94 | $32K |
| Sale | Common Stock | 1,000 | $42.06 | $42K |
| Exercise | Common Stock | 1,000 | $21.55 | $22K |
| Sale | Common Stock | 1,000 | $42.055 | $42K |
Holdings After Transaction:
Stock Option — 1,000 shares (Direct);
Common Stock — 17,361.437 shares (Direct)
Footnotes (2)
- F1. Options vest in two equal installments on May 21, 2026 and December 31, 2026.
- F2. Options vested in 2 equal installments beginning 12/31/20.
Key Figures
Options exercised (shares): 2,000 shares
Exercise price 1: $31.94 per share
Exercise price 2: $21.55 per share
+5 more
8 metrics
Options exercised (shares)
2,000 shares
Total underlying common shares from option exercises on August 11, 2026
Exercise price 1
$31.94 per share
Exercise price for 1,000 underlying common shares from a stock option expiring May 21, 2032
Exercise price 2
$21.55 per share
Exercise price for 1,000 underlying common shares from a stock option expiring May 27, 2027
Shares sold
2,000 shares
Common stock sold on August 11, 2026 in two transactions following exercises
Sale price 1
$42.06 per share
Price for sale of 1,000 common shares on August 11, 2026
Sale price 2
$42.055 per share
Price for sale of 1,000 additional common shares on August 11, 2026
Option expiration 1
May 21, 2032
Expiration date of stock option with $31.94 exercise price
Option expiration 2
May 27, 2027
Expiration date of stock option with $21.55 exercise price
Key Terms
Stock Option, derivative security, vesting, exercise price
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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"Options vest in two equal installments on May 21, 2026 and December 31, 2026."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price: "31.9400" and "21.5500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did WesBanco (WSBC) report for Robert H. Friend?
WesBanco reported that EVP & CCO Robert H. Friend exercised options for 2,000 shares of common stock and sold 2,000 shares on August 11, 2026, in option-related transactions.
How many WesBanco (WSBC) stock options did Robert H. Friend exercise?
Robert H. Friend exercised stock options covering 2,000 underlying common shares, split into 1,000 shares at a $31.94 exercise price and 1,000 shares at $21.55, according to the reported option transactions.
Were the WesBanco (WSBC) option exercises by Robert H. Friend recent grants or older awards?
The exercised options were from grants with exercise prices of $31.94 and $21.55, with footnotes indicating vesting beginning on December 31, 2020 and scheduled installments in 2026, reflecting previously awarded option grants.
Did WesBanco (WSBC) indicate these trades were under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox was not marked as affirmative, and the footnotes do not state that the August 11, 2026 transactions were executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
