STOCK TITAN

WSBC Form 4: Director Purchase of Series B Depositary Shares

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

James W. Cornelsen, a director of WesBanco, Inc., purchased 10,000 depositary shares on 09/17/2025 at a price of $25 per depositary share, resulting in beneficial ownership of 10,000 depositary shares. 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. The depositary shares were acquired in an underwritten public offering. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/18/2025.

Positive

  • Director acquisition disclosed: James W. Cornelsen purchased 10,000 depositary shares, showing an insider buy reported on Form 4.
  • Clear transaction detail: Transaction date (09/17/2025), price ($25), and post-transaction beneficial ownership (10,000) are all provided.
  • Source disclosed: The depositary shares were purchased in an underwritten public offering, which is explicitly stated.

Negative

  • None.

Insights

TL;DR: A director purchased 10,000 depositary shares in an underwritten offering, showing an insider acquisition of preferred-linked securities.

The transaction is a direct purchase by a company director of depositary shares tied to the Series B preferred with a stated 7.375% fixed-rate reset feature. The purchase price was $25 per depositary share and the filing reports beneficial ownership of 10,000 depositary shares following the transaction. This is a straightforward insider acquisition disclosed on Form 4; there are no reported dispositions, derivative positions, or additional contextual financial data in the filing.

TL;DR: Director-level insider bought depositary shares in an underwritten offering; filing properly discloses the change in beneficial ownership.

The Form 4 identifies the reporting person as a director and shows a single non-derivative purchase transaction executed on 09/17/2025. The filing includes an explanation that each depositary share equals a 1/40th interest in Series B preferred shares and notes the underwritten public offering as the acquisition source. The report was executed via attorney-in-fact signature per the filing. No governance concerns or unusual reporting issues are evident from the disclosed content.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CORNELSEN JAMES W

(Last) (First) (Middle)
C/O WESBANCO, INC.
ONE BANK PLAZA

(Street)
WHEELING WV 26003

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESBANCO INC [ WSBC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Depositary Shares B(1) 09/17/2025 P 10,000 A $25 10,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Each depositary share represents a 1/40th interest in a share of WesBanco, Inc.'s 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B no par value per share. The depositary shares were purchased in an underwritten public offering.
/s/ Daniel K. Weiss, Attorney-in-Fact 09/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did the WesBanco (WSBC) director report on Form 4?

The director, James W. Cornelsen, reported purchasing 10,000 depositary shares on 09/17/2025 at $25 per depositary share.

What do the depositary shares represent in the WesBanco Form 4?

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.

How were the depositary shares acquired according to the filing?

The depositary shares were purchased in an underwritten public offering, as stated in the Form 4 explanation.

When was the Form 4 signed and by whom?

The Form 4 shows a signature by an attorney-in-fact, /s/ Daniel K. Weiss, dated 09/18/2025.

Does the filing show any derivative transactions or dispositions?

No. The filing reports a non-derivative purchase of depositary shares and does not disclose any derivative transactions or dispositions.
WESBANCO INC D/S SER B

:WSBCV

WSBCV Rankings

WSBCV Latest SEC Filings

WSBCV Stock Data