Form 4: Wesbanco Executive Reports Future Stock Grant and Tax-Related Sales

Wesbanco Inc.'s EVP & Chief Internal Auditor, Stephen J. Lawrence, reported an acquisition of 861 shares and subsequent tax-related disposals of 1,673 shares of common stock, scheduled for June 5, 2025.

Summary

• Stephen J. Lawrence, Executive Vice President and Chief Internal Auditor of Wesbanco Inc. (WSBC), reported changes in his beneficial ownership of common stock.
• On June 5, 2025, Lawrence acquired 861 shares of common stock at a price of $0, likely representing a stock grant or award.
• Following this acquisition, Lawrence's direct beneficial ownership was 38,738.591 shares.
• On the same date, June 5, 2025, Lawrence disposed of a total of 1,673 shares of common stock through three separate transactions, likely for tax withholding purposes (indicated by transaction code 'F').
• The disposal transactions included 142 shares at $32.07, 142 shares at $31.44, and 1,389 shares at $32.13.
• After all reported transactions, Lawrence's direct beneficial ownership stands at 37,065.591 shares.
• Indirect beneficial ownership includes 33,982.837 shares held by a 401(k) Plan and 575 shares held by a Spouse 401K.

Sentiment

Score: 5

Explanation: The filing is a factual report of routine insider stock transactions (grant and tax-related sales) and does not inherently convey positive or negative sentiment about the company's performance or prospects.

Positives

• Acquisition of 861 shares of common stock at $0, indicating a grant or award that increases the executive's equity stake in the company.

Negatives

• Disposal of 1,673 shares of common stock, resulting in a net decrease of 812 direct shares held by the executive after accounting for the acquisition, although these disposals were for tax withholding purposes.

Future Outlook

This filing reports scheduled insider transactions and does not contain forward-looking statements or guidance regarding the company's financial performance or strategic outlook.

Industry Context

This filing is a routine disclosure of insider stock transactions for a financial institution executive and does not provide broader insights into industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and changes, which can influence perceptions of management alignment with shareholder interests.

Key Dates

Keywords

Wesbanco, WSBC, Insider Trading, Executive Compensation, Stock Grant, Form 4, Common Stock, Beneficial Ownership