WSBC insider reports redemption of 150 preferred depositary shares
Rhea-AI Filing Summary
WesBanco, Inc. (WSBC) executive vice president for wealth management reported an automatic change in holdings of preferred stock depositary shares. On 11/17/2025, the insider disposed of 150 depositary shares at $25 per share, leaving 0 shares beneficially owned afterward. The filing classifies the transaction under code J and explains that the depositary shares, each representing a 1/40th interest in a share of WesBanco’s 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, were called for redemption by the company.
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FAQ
What insider transaction did WesBanco Inc (WSBC) report on this Form 4?
The Form 4 reports that a WesBanco executive vice president for wealth management disposed of 150 depositary shares of WesBanco, Inc. at $25 per share on 11/17/2025, reducing their beneficial ownership of those securities to zero.
Which WesBanco Inc (WSBC) security was involved in the reported transaction?
The transaction involved depositary shares each representing a 1/40th interest in a share of WesBanco, Inc.'s 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, no par value per share.
Why were the WesBanco Inc (WSBC) depositary shares disposed of by the insider?
The explanation states that the depositary shares were called for redemption by WesBanco, Inc., which triggered the disposition reported on this Form 4.
What is the insider’s relationship to WesBanco Inc (WSBC)?
The reporting person is an officer of WesBanco, Inc., serving as EVP - Wealth Management, and files individually as indicated by the box checked for one reporting person.
What transaction code is used for this WesBanco Inc (WSBC) Form 4 filing?
The transaction is classified under transaction code J, which is used for transactions that do not fit standard purchase or sale codes and are further explained in the footnote about redemption.
How many WesBanco Inc (WSBC) depositary shares does the insider own after this transaction?
Following the reported transaction, the Form 4 shows the insider beneficially owns 0 depositary shares of the referenced preferred stock series.