WesBanco (WSBC) director Clossin gets 4,266-share grant, 12,430 withheld for taxes
Rhea-AI Filing Summary
WesBanco Inc. director Todd Clossin reported compensation-related share activity involving the company’s common stock. He received an award of 4,266 shares at no cost coded as a grant or award acquisition, increasing his direct holdings.
To satisfy tax obligations, 12,430 shares were disposed of through tax-withholding transactions, not open-market sales, at prices between $33.42 and $34.56 per share. After these transactions, Clossin directly holds 144,360.867 shares of WesBanco common stock and indirectly holds 5,303.865 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insights
Routine equity grant with tax withholding, no open‑market trades.
The filing shows Todd Clossin receiving 4,266 WesBanco common shares as a grant or award, a standard form of equity compensation. The shares were awarded at a stated price of $0.0000, consistent with restricted stock or similar awards.
Three transactions coded F disposed of a total of 12,430 shares to cover tax liabilities at per‑share prices between $33.42 and $34.56. These are not market-driven sales, but mechanical withholdings. Following the activity, direct holdings are 156,790.867 shares, with an additional 5,303.865 shares held indirectly via a 401(k) plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,266 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 566 | $33.43 | $19K |
| Exercise Price or Tax Liability | Common Stock | 876 | $33.42 | $29K |
| Exercise Price or Tax Liability | Common Stock | 10,988 | $34.56 | $380K |
| holding | Common Stock | -- | -- | -- |
Key Figures
Key Terms
tax-withholding disposition financial
grant/award acquisition financial
401(k) Plan financial
Common Stock financial
Form 4 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.