Form 4: WesBanco Officer Redeems Depositary Shares

WesBanco's SEVP/Chief Risk Officer, Michael L. Perkins, disposed of 80 depositary shares at $25 each following an issuer redemption.

Summary

• Michael L. Perkins, SEVP/Chief Risk Officer of WesBanco Inc. (WSBC), reported a transaction involving depositary shares.
• On November 17, 2025, Mr. Perkins disposed of 80 depositary shares.
• The shares were disposed of at a price of $25 per share.
• Following this transaction, Mr. Perkins' beneficial ownership of these specific depositary shares is 0.
• The disposition was due to the issuer, WesBanco, Inc., calling the depository shares for redemption.
• Each depositary share represents a 1/40th interest in a share of WesBanco, Inc.'s 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 reporting a mandatory redemption of preferred shares by an insider, which is a neutral event with no direct positive or negative implications for the company's operational performance or future prospects.

Future Outlook

N/A. This Form 4 reports a past transaction and does not contain forward-looking statements or guidance.

Industry Context

N/A. This Form 4 reports a specific insider transaction related to a preferred stock redemption and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal direct impact on common shareholders, as the transaction relates to preferred stock redemption.
• Reporting Person (Michael L. Perkins): No longer holds the 80 depositary shares, receiving cash proceeds from the redemption.

Key Dates

Keywords

WesBanco, WSBC, Form 4, Insider Transaction, Depositary Shares, Redemption, Michael L. Perkins, Chief Risk Officer, Preferred Stock