WSBC Form 4: Director Knox Bruce acquires 8,000 depositary shares
Rhea-AI Filing Summary
Knox D. Bruce, a director of WesBanco, Inc., purchased 8,000 depositary shares on 09/17/2025 at $25.00 per depositary share. Each depositary share represents a 1/40th interest in WesBanco's 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. The depositary shares were acquired in an underwritten public offering and Mr. Bruce beneficially owned 8,000 depositary shares following the transaction with ownership reported as direct. The Form 4 filing was signed by an attorney-in-fact on 09/18/2025.
Positive
- Director purchase disclosed: Knox D. Bruce acquired 8,000 depositary shares, indicating an insider acquisition.
- Full transaction detail provided: Transaction date (09/17/2025), price ($25.00), and post-transaction beneficial ownership (8,000) are reported.
- Clear security description: Each depositary share equals 1/40th of the 7.375% Series B preferred, and shares were bought in an underwritten public offering.
Negative
- None.
Insights
TL;DR: A director purchased 8,000 depositary shares at $25 each in an underwritten offering; transaction reported on Form 4.
The purchase represents an insider acquisition of securities tied to the company's 7.375% Series B preferred via depositary shares, with each depositary share equal to 1/40th of a preferred share. The filing states the transaction date (09/17/2025), the price ($25.00) and the post-transaction beneficial ownership (8,000 depositary shares). This is a straightforward disclosure of an insider purchase rather than operational or financial performance information.
TL;DR: Routine insider purchase disclosed; filing documents direct beneficial ownership and method of acquisition.
The Form 4 clearly identifies the reporting person as a director and the relationship to the issuer. It documents acquisition in an underwritten public offering and provides required details: transaction code, number acquired, price and beneficial ownership after the transaction. The filing is complete with an attorney-in-fact signature and date. The disclosure meets Section 16(a) reporting requirements for insider transactions.