WSBC Form 4: Jeffrey Jackson Acquires 4,000 Depositary Shares
Rhea-AI Filing Summary
Jeffrey H. Jackson, President & CEO and director of WesBanco, Inc. (WSBC), reported purchasing 4,000 depositary shares on 09/17/2025 at $25.00 per depositary share in an underwritten public offering. Each depositary share represents a 1/40th interest in the company’s 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. Following the purchase, Mr. Jackson beneficially owns 4,000 depositary shares directly. The Form 4 was signed by an attorney-in-fact on 09/18/2025.
Positive
- Insider purchase disclosed: Jeffrey H. Jackson, the company’s President & CEO and director, purchased 4,000 depositary shares at $25.00 each.
Negative
- None.
Insights
TL;DR: Company CEO purchased depositary shares in an underwritten offering, signaling an insider acquisition but with limited disclosed scale.
The filing documents a direct purchase of 4,000 depositary shares at $25 each by Jeffrey H. Jackson, who serves as President & CEO and a director. Each depositary share equals 1/40th of a Series B preferred share paying 7.375% with a reset feature. The transaction occurred in an underwritten public offering, indicating the purchase was through the offering rather than a secondary market trade. The absolute size and stake percentage are not provided, so the transaction’s materiality relative to outstanding capital is unclear.
TL;DR: Insider buy recorded by the CEO and director; procedural disclosure appears complete and timely.
The Form 4 identifies the reporting person, relationship (President & CEO and director), transaction date (09/17/2025), number of depositary shares purchased (4,000), and price ($25.00). The form notes the purchase was part of an underwritten public offering and records direct ownership following the transaction. The form is signed by an attorney-in-fact on 09/18/2025, complying with signature requirements. The filing does not disclose any intent or plans, and no additional governance implications are specified in the document.