WesBanco (WSBC) director Altman purchases 3,000 shares at $33.72
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WesBanco Inc. director Louis Michael Altman reported buying additional company stock. He made an open-market purchase of 3,000 shares of WesBanco common stock at $33.72 per share. After this transaction, he directly holds 33,164.287 WesBanco shares and indirectly holds 15,621.97 shares as co-trustee of family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,000 shares ($101,160)
Net Buy
2 txns
Insider
Altman Louis Michael
Role
null
Bought
3,000 shs ($101K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,000 | $33.72 | $101K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 33,164.287 shares (Direct, null);
Common Stock — 15,621.97 shares (Indirect, Co-Ttee of Family Trusts)
Footnotes (1)
Key Figures
Shares purchased: 3,000 shares
Purchase price: $33.72 per share
Direct holdings after trade: 33,164.287 shares
+1 more
4 metrics
Shares purchased
3,000 shares
Open-market purchase of WesBanco common stock
Purchase price
$33.72 per share
Price paid for 3,000 WesBanco shares
Direct holdings after trade
33,164.287 shares
Direct WesBanco common stock owned after purchase
Indirect holdings reported
15,621.97 shares
Indirect ownership as co-trustee of family trusts
Key Terms
open-market purchase, Form 4, Co-Ttee of Family Trusts
3 terms
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Co-Ttee of Family Trusts financial
"nature_of_ownership: "Co-Ttee of Family Trusts""
FAQ
What insider transaction did WesBanco (WSBC) director Louis Michael Altman report?
Louis Michael Altman reported an open-market purchase of 3,000 shares of WesBanco common stock. The shares were bought at a price of $33.72 per share, increasing his directly held ownership stake in the company.
Is the WesBanco (WSBC) director’s ownership direct or through another entity?
Louis Michael Altman holds WesBanco shares both directly and indirectly. He directly owns 33,164.287 shares and indirectly owns 15,621.97 shares as co-trustee of family trusts, according to the Form 4 filing details.
What type of transaction code is shown in this WesBanco (WSBC) Form 4?
The Form 4 lists a transaction code P for the 3,000-share trade, indicating a purchase in the open market or private transaction. Another line records indirect holdings as a status entry without a specified buy or sell code.