Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 163

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 5
Chunk 163
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Wesbanco’s common stock is quoted on the Nasdaq Global Select Stock Market under the symbol WSBC. The approximate number of record holders of Wesbanco’s $2.0833 par value common stock as of February 20, 2025 was 6,551. The number of holders does not include Wesbanco employees who have purchased stock or had stock allocated to them through Wesbanco’s 401(k) plan (the “401(k)”). All Wesbanco employees who meet the eligibility requirements of the 401(k) are included in this retirement plan.

As of December 31, 2024, Wesbanco had one active stock repurchase plan which was approved by the Board of Directors on February 24, 2022 for 3.2 million shares. This plan provides for shares to be repurchased for general corporate purposes, which may include a subsequent resource for potential acquisitions, shareholder dividend reinvestment and/or employee benefit plans. The timing, price and quantity of purchases are at the discretion of Wesbanco, and the plan may be discontinued or suspended at any time. The plan has 972,298 shares remaining for repurchase.

Repurchases in the fourth quarter included those for the 401(k) and dividend reinvestment plans.

Certain information relating to securities authorized for issuance under equity compensation plans is set forth under the heading “Equity Compensation Plan Information” in Part III, “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”

The following table shows the activity in Wesbanco's stock repurchase plan and other purchases for the quarter ended December 31, 2024:

    Period
     
    Total Numberof SharesPurchased (1)

    Average PricePaid per Share

    Total Number ofShares Purchasedas Part of PubliclyAnnounced Plans (2)

    Maximum Numberof Shares that MayYet Be PurchasedUnder the Plans

    Balance at September 30, 2024

    972,298

    October 1, 2024 to October 31, 2024

    31,722

    $
    29.48

    —

    972,298

    November 1, 2024 to November 30, 2024

    852

    35.98

    —

    972,298

    December 1, 2024 to December 31, 2024

    735

    34.33