WSBCV insider purchase: 800 depositary shares acquired in offering
Rhea-AI Filing Summary
Rosie Allen-Herring, a director of WesBanco, Inc., purchased 800 depositary shares on 09/17/2025 at $25.00 per depositary share. Each depositary share represents a 1/40th interest in a share of the company’s 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. The filing states the depositary shares were purchased in an underwritten public offering. After the purchase, Allen-Herring beneficially owned 800 depositary shares. The Form 4 was signed by an attorney-in-fact on 09/18/2025.
Positive
- Insider purchase disclosed: Director Rosie Allen-Herring acquired 800 depositary shares, indicating insider accumulation.
- Clear transaction details: Date (09/17/2025), price ($25.00), and post-transaction ownership (800 depositary shares) are provided.
- Preferred-security exposure: Purchase provides direct ownership in depositary shares tied to the 7.375% Series B preferred instrument.
Negative
- None.
Insights
TL;DR: A director bought 800 depositary shares in an underwritten offering at $25 each, showing insider acquisition.
The transaction is a straightforward insider purchase of depositary shares tied to the company’s 7.375% perpetual preferred Series B. The size (800 depositary shares) and $25 price are explicit; each depositary share equals 1/40th of a preferred share, which implies exposure to the preferred security rather than common equity. This is a disclosure of beneficial ownership, not a derivative exercise or sale, and it increases the director's direct holdings by the stated amount.
TL;DR: Director-level purchase recorded promptly; form filed singly and signed by attorney-in-fact.
The filing identifies Rosie Allen-Herring as a director and indicates the Form 4 was filed for one reporting person. The signature by an attorney-in-fact is noted and dated 09/18/2025. The disclosure is complete for the reported transaction: transaction date, code, amount, price, and post-transaction beneficial ownership are all provided. No amendments or additional relationships are reported on this form.