WSBC Form 4: Director Acquisition of 8,000 Depositary Shares in Offering
Rhea-AI Filing Summary
Nelson F. Eric Jr., a director of WesBanco, Inc., purchased 8,000 depositary shares on 09/17/2025 at $25.00 per depositary share, resulting in beneficial ownership of 8,000 depositary shares following the transaction. Each depositary share represents a 1/40th interest in WesBanco's 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, so the 8,000 depositary shares correspond to an economic interest equal to 200 preferred shares. The depositary shares were purchased in an underwritten public offering. The Form 4 was signed by an attorney-in-fact on 09/18/2025.
Positive
- Insider acquisition documented: Reporting person purchased 8,000 depositary shares in an underwritten public offering.
- Clear post-transaction ownership: Beneficial ownership reported as 8,000 depositary shares following the purchase.
- Transparent filing: Transaction and structure of depositary shares (1/40th interest in Series B preferred) are explicitly disclosed.
Negative
- None.
Insights
TL;DR: Director purchase of 8,000 depositary shares (equivalent to 200 preferred shares) in a public offering; routine disclosure.
The filing documents a straightforward acquisition by a company director in an underwritten public offering. The reported price is $25.00 per depositary share and the post-transaction holding is 8,000 depositary shares. For investors, this is a transparent disclosure of insider activity; the filing does not provide operational or financial performance data to assess impact on valuation.
TL;DR: Routine Section 16 filing showing beneficial ownership change by a director following a public offering.
The Form 4 identifies Nelson F. Eric Jr. as the reporting person and confirms acquisition of depositary shares representing interests in Series B preferred stock. The transaction was executed through an underwritten offering and was timely reported. This is a standard disclosure that satisfies insider reporting obligations; it contains no governance concerns or departures from typical reporting practices.