WesBanco (WSBC) EVP awarded 6,467 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Friend Robert H reported acquisition or exercise transactions in this Form 4 filing.
WesBanco Inc. executive Robert H. Friend received a grant of 6,467 Restricted Stock Units (RSUs) as equity compensation. Each RSU represents a contingent right to receive one share of WesBanco common stock. The RSUs vest in three equal annual installments beginning on May 20, 2027, encouraging longer-term alignment with shareholders. This filing reports an award of stock-based compensation rather than any open-market purchase or sale of WesBanco shares.
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 |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,467 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,467 shares (Direct, null)
Footnotes (1)
- Eash Restricted Stock Unit represents a contingent right to receive one share of Wesbanco common stock Restrict Stock Units vest in three equal annual installments beginning May 20, 2027.
Key Figures
RSUs granted: 6,467 units
Underlying shares: 6,467 shares
Exercise price: $0.00 per unit
+3 more
6 metrics
RSUs granted
6,467 units
Restricted Stock Units awarded to EVP & CCO Robert H. Friend
Underlying shares
6,467 shares
Common stock underlying the granted RSUs
Exercise price
$0.00 per unit
RSUs granted with no cash exercise price
Total RSUs after grant
6,467 units
Total derivative holdings reported following the transaction
Transaction date
May 20, 2026
Date of RSU grant reported in the Form 4
Vesting start date
May 20, 2027
RSUs vest in three equal annual installments beginning on this date
Key Terms
Restricted Stock Units, contingent right, vest, Common Stock
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
vest financial
"Restricted Stock Units vest in three equal annual installments beginning May 20, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"underlying_security_title: "Common Stock""
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.
FAQ
What insider transaction did WesBanco (WSBC) report for Robert H. Friend?
WesBanco reported that EVP & CCO Robert H. Friend received a grant of 6,467 Restricted Stock Units. These RSUs are a form of stock-based compensation that can convert into common shares over time, aligning the executive’s interests with shareholders.
How many WesBanco RSUs were granted to Robert H. Friend in this Form 4?
The filing shows a grant of 6,467 Restricted Stock Units to Robert H. Friend. After this award, his reported RSU holdings total 6,467 units, each representing a potential future share of WesBanco common stock if vesting conditions are satisfied.
When do Robert H. Friend’s WesBanco RSUs begin vesting?
The RSUs begin vesting on May 20, 2027. Vesting occurs in three equal annual installments starting on that date, meaning the award is structured to vest over three years and supports longer-term retention and performance incentives for the executive.
What does each WesBanco Restricted Stock Unit represent in this filing?
Each Restricted Stock Unit represents a contingent right to receive one share of WesBanco common stock. The units have no cash exercise price and convert into shares only as they vest according to the schedule outlined in the Form 4 footnotes.