WesBanco (WSBC) CFO granted 1,061 shares as 3,384 withheld for taxes
Rhea-AI Filing Summary
WESBANCO INC Senior Executive Vice President and Chief Financial Officer Daniel K. Weiss reported routine equity compensation and related tax withholding transactions in company common stock. He received a grant or award of 1,061 shares, increasing his direct holdings.
To cover tax obligations, 3,384 shares were disposed of as tax-withholding dispositions at prices between $33.42 and $34.56 per share, which are not open-market sales. After these transactions, Weiss directly holds 45,063.466 shares and indirectly holds 3,948.728 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insights
Routine equity grant with tax withholding; no open-market buying or selling.
The filing shows WSBC CFO Daniel K. Weiss receiving 1,061 shares of common stock as a grant or award, a typical component of executive compensation. On the same date, 3,384 shares were used to satisfy tax obligations via tax-withholding dispositions at prices in the mid‑$30s.
Code F transactions represent shares withheld by the issuer for taxes, not discretionary open‑market sales, so they carry little informational signal about the insider’s view of the stock. Following these entries, Weiss directly holds 48,447.466 shares and indirectly holds 3,948.728 shares via a 401(k) plan, indicating he retains a meaningful equity stake tied to company performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,061 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 59 | $33.43 | $2K |
| Exercise Price or Tax Liability | Common Stock | 236 | $33.42 | $8K |
| Exercise Price or Tax Liability | Common Stock | 3,089 | $34.56 | $107K |
| holding | Common Stock | -- | -- | -- |
Key Figures
Key Terms
tax-withholding disposition financial
grant/award acquisition financial
401(k) Plan financial
indirect ownership financial
Form 4 regulatory
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