WesBanco (WSBC) EVP Scott Love receives 7,395 Restricted Stock Units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Love Scott A reported acquisition or exercise transactions in this Form 4 filing.
WesBanco Inc. executive Scott A. Love received a grant of 7,395 Restricted Stock Units (RSUs). These RSUs give him a contingent right to receive 7,395 shares of WesBanco common stock, with no cash paid at grant.
The RSUs vest in three equal annual installments beginning on May 20, 2027, tying his compensation to the company’s long-term performance. After this award, his reported derivative holdings related to this grant total 7,395 RSUs held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Love Scott A
Role
EVP - Wealth Management
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,395 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 7,395 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: 7,395 units
Underlying shares: 7,395 shares
Grant price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
7,395 units
Restricted Stock Units granted to EVP on May 20, 2026
Underlying shares
7,395 shares
Common stock underlying the RSU grant
Grant price
$0.0000 per unit
Equity award with no cash paid at grant
Post-grant RSU holdings
7,395 units
Total RSUs reported following this transaction
Vesting start date
May 20, 2027
First of three equal annual vesting installments
Key Terms
Restricted Stock Units, contingent right, vest, grant/award acquisition
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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
"represents a contingent right to receive one share of WesBanco common stock"
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.
grant/award acquisition financial
"transaction_action is classified as grant/award acquisition"
FAQ
What insider transaction did WesBanco (WSBC) report for Scott A. Love?
WesBanco reported that EVP of Wealth Management Scott A. Love received 7,395 Restricted Stock Units. These units are part of his equity compensation and represent a right to receive an equal number of WesBanco common shares if vesting conditions are met over time.
How many WesBanco (WSBC) RSUs were granted to Scott A. Love?
Scott A. Love was granted 7,395 Restricted Stock Units. Each unit corresponds to one potential share of WesBanco common stock, subject to vesting. This award increases his equity-based compensation without involving an immediate cash transaction or open-market trade.
When do Scott A. Love’s WesBanco (WSBC) RSUs vest?
The Restricted Stock Units vest in three equal annual installments beginning May 20, 2027. This means the award is spread over multiple years, encouraging longer-term alignment between the executive’s compensation and WesBanco’s future performance and share value.
What does each WesBanco (WSBC) Restricted Stock Unit represent in this Form 4?
Each Restricted Stock Unit represents a contingent right to receive one share of WesBanco common stock. The units do not pay cash and only convert into shares as they vest according to the specified schedule starting in May 2027.
Is the WesBanco (WSBC) Form 4 transaction a stock purchase or sale?
The transaction is an equity grant, not a market purchase or sale. Scott A. Love received 7,395 Restricted Stock Units as a grant, classified as a grant or award acquisition, with no open-market buying or selling reported in this filing.
How many WesBanco (WSBC) RSUs does Scott A. Love hold after this grant?
Following this grant, the filing shows Scott A. Love holding 7,395 Restricted Stock Units directly. These units are derivative securities that may convert into the same number of WesBanco common shares as they vest over the three-year installment schedule.