WSBC insider reports 4,000 Series A preferred depositary shares redeemed
Rhea-AI Filing Summary
WesBanco, Inc. (WSBC) reported a Form 4 transaction by a director involving depositary shares linked to its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. On 11/17/2025, the director disposed of 4,000 depositary shares at a price of $25 per share, leaving 0 shares beneficially owned on a direct basis. According to the explanation, these depositary shares, each representing a 1/40th interest in a share of the Series A preferred stock, were called for redemption by the issuer.
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FAQ
What insider transaction did WesBanco (WSBC) report in this Form 4?
The filing shows that a director of WesBanco, Inc. disposed of 4,000 depositary shares tied to the company’s 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.
On what date did the WesBanco (WSBC) director’s transaction occur?
The transaction took place on 11/17/2025, as disclosed in Table I of the filing.
What price was reported for the WesBanco (WSBC) depositary share transaction?
The 4,000 depositary shares were reported as disposed of at a price of $25 per share.
How many WesBanco (WSBC) depositary shares does the reporting person own after the transaction?
Following the reported transaction, the director beneficially owns 0 depositary shares, with ownership shown as direct (D).
Why were the WesBanco (WSBC) preferred depositary shares disposed of?
The explanation states that the depositary shares, each representing a 1/40th interest in a share of WesBanco’s 6.75% Series A preferred stock, were called for redemption by the issuer.
What type of security is involved in this WesBanco (WSBC) Form 4?
The security is 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.