WSBC Form 4: Director Purchase of Series B Depositary Shares
Rhea-AI Filing Summary
WesBanco, Inc. (WSBC) director Joseph R. Robinson purchased 8,000 depositary shares on 09/17/2025 at a price of $25.00 per depositary share in an underwritten public offering. 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. Following the transaction, the reporting person beneficially owned 8,000 depositary shares. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/18/2025.
Positive
- Director purchase disclosed: Reporting person acquired 8,000 depositary shares on 09/17/2025 at $25.00 each.
- Transaction details provided: Each depositary share equals a 1/40th interest in the 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B.
- Post-transaction ownership stated: Beneficial ownership listed as 8,000 depositary shares.
Negative
- None.
Insights
TL;DR: A director acquired 8,000 depositary shares in an underwritten offering on 09/17/2025.
The filing documents a non-derivative purchase of 8,000 depositary shares at $25.00 each, representing interests in the company's 7.375% perpetual preferred Series B. This is a straightforward Section 16 disclosure of insider acquisition via a public offering; it records the post-transaction beneficial ownership as 8,000 depositary shares and provides no additional financial details or changes to equity structure beyond the transaction itself.
TL;DR: Director transaction disclosed; Form 4 properly reports acquisition and beneficial ownership.
The Form 4 identifies the reporting person as a director and shows the acquisition was reported with an attorney-in-fact signature dated 09/18/2025. The filing specifies the security type, conversion interest (1/40th of a preferred share), transaction date, price, and post-transaction ownership. The document contains no other governance actions, amendments, or disclosures beyond this purchase.