Form 4: Wesbanco Director Exercises Stock Options, Acquires Shares
SEC Form 4 Filing
Gregory S. Proctor JR, a director of Wesbanco Inc., executed stock options to acquire 941 shares of common stock at a price of $21.37 on February 26, 2024.
Summary
- On February 26, 2024, Gregory S. Proctor JR, a director at Wesbanco Inc. (WSBC), exercised stock options.
- This transaction resulted in the acquisition of 941 shares of Wesbanco's common stock at a price of $21.37 per share.
- Following the transaction, Proctor directly owns 43,854.436 shares of Wesbanco common stock.
- The stock options were originally granted on February 26, 2014, and expired on February 23, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction disclosure.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 02/26/2014 | Original grant date of the stock options |
| 02/23/2024 | Expiration date of the stock options |
| 02/26/2024 | Date of transaction: Director exercised stock options |
| 02/27/2024 | Date of signature on the Form 4 filing |
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