Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 90

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 90
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 2019

        94,100

        38.93

        94,100

        38.93

        1.37

        2020

        39,175

        21.55

        39,175

        21.55

        2.40

        2021

        124,925

        38.78

        124,925

        38.78

        3.38

        2022

        118,875

        32.30

        118,875

        32.30

        4.37

        2023

        135,550

        24.91

        135,550

        24.91

        5.40

        2024

        —

        —

        153,900

        28.60

        6.37

        Total

        632,556

        $          18.33 to 45.65

        786,456

        $
        33.13

        3.82

       Restricted StockDuring 2024, Wesbanco granted 207,970 shares of time-based restricted stock to certain officers and directors, which cliff vest 36 months from the date of grant. The weighted average fair value of the restricted stock granted was $28.43 per share. The restricted stock grant provides the recipient with voting rights from the date of issuance. Dividends paid on these restricted shares during the restriction period are converted into additional shares of restricted stock on the date the cash dividend would have otherwise been paid, but do not vest until the related grant of the restricted shares complete their vesting. The Compensation Committee has discretion to elect to pay such dividends in cash to participants. Voting rights accrue from date of issuance of these shares. Wesbanco also granted 30,275 shares of performance-based restricted stock ("PBRS") to select officers. These shares have a three-year performance period, beginning January 1, 2025, based on Wesbanco’s return on average assets and return on average tangible common equity measured for each year, compared to a national peer group of financial institutions with total assets between approximately $13.5 billion and $32.2 billion. Earned performance-based restricted shares are subject to additional service-based vesting with 50% vesting in May 2028 after the