Form 4: Wesbanco Director Todd Clossin Reports Changes in Beneficial Ownership
SEC Form 4
Director Todd Clossin reports changes in Wesbanco Inc. beneficial ownership due to stock acquisitions and disposals, resulting in a net decrease in holdings.
Summary
- On June 4, 2024, Todd Clossin, a director of Wesbanco Inc., reported changes in beneficial ownership of the company's common stock.
- Clossin acquired 3,398 shares of common stock at $0.
- Clossin disposed of 510 shares at $28.83, 949 shares at $27.72, and 7,025 shares at $29.11.
- Following these transactions, Clossin directly owns 143,547.193 shares and indirectly owns 4,822.948 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions without indicating a positive or negative outlook.
Positives
- Todd Clossin acquired 3,398 shares of common stock.
Negatives
- Todd Clossin disposed of a total of 8,484 shares of common stock.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within the company.
Stakeholder Impact
- The change in beneficial ownership may be of interest to shareholders as it reflects the director's investment decisions.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of the reported transactions. |
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