WSBC Director John Bookmyer Acquires 2,000 Depositary Shares in Offering
Rhea-AI Filing Summary
Insider purchase reported: John Bookmyer, a director of WesBanco, Inc. (WSBC), reported acquiring 2,000 depositary shares on 09/17/2025 at a price of $25 per depositary share. The filing shows the transaction was a purchase in an underwritten public offering and that each depositary share represents a 1/40th interest in a share of WesBanco's 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. After the purchase, the reporting person beneficially owned 2,000 depositary shares. The Form 4 is signed by an attorney-in-fact on 09/18/2025.
Positive
- Director purchase disclosed with transaction details (date, amount, price) increasing transparency
- Clear explanation that each depositary share equals a 1/40th interest in the Series B preferred and that shares were bought in an underwritten public offering
Negative
- None.
Insights
TL;DR: Director bought 2,000 depositary shares in a public offering; transaction appears routine and not materially large.
The acquisition of 2,000 depositary shares at $25 each was disclosed for director John Bookmyer. The instrument purchased are depositary shares representing 1/40th interests in Series B preferred stock paying 7.375% fixed-rate reset dividends. The filing identifies the purchase as part of an underwritten public offering, indicating an open-market-like distribution rather than a private transfer. For most investors the transaction is informational; the filing does not indicate a change in control or a significant shift in ownership percentage.
TL;DR: A director disclosed a standard Form 4 purchase tied to a public offering; disclosure appears complete and timely.
The Form 4 shows John Bookmyer filing individually and discloses the nature of the securities and the offering. The report includes the requisite details: transaction date, price, amount, ownership following the transaction, and an explanatory note about depositary share mechanics. The form is signed by an attorney-in-fact on the following day, consistent with procedural filings. No indications of related-party transactions or exemptions are noted in the document.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares B | 2,000 | $25.00 | $50K |
Footnotes (1)
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