Company: WSBC
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001193125-25-201360
Chunk: 63

Company: WESBANCO INC
Filing Date: 2025-09-11
Form: 424B5
Chunk 63
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 tax treaty. If the non-U.S.holder is a nonresident alien individual, is present in the United States for 183 or more days in the taxable year of the sale or exchange, and certain other conditions are met, the non-U.S.holder will be subject to a flat 30% tax (or such lower rate as specified by an applicable tax treaty) on the gain derived from the sale or exchange, which may be offset by U.S.-source capital losses for the taxable year, provided that the non-U.S.holder timely files U.S. federal income tax returns with respect to such losses. Redemption of the Depositary Shares. The tax treatment of any redemption by us of our depositary shares from a non-U.S.holder depends on the particular facts as to such non-U.S.holder at the time of redemption. In general, a non-U.S.holder of our depositary shares will be subject to tax as described under the caption “Non-U.S.Holders — Sale or Exchange of the Depositary Shares (Including Redemptions that Qualify for Exchange Treatment)” above if such redemption (i) results in a “complete termination” of the non-U.S.holder’s interest in all classes of our shares under Section 302(b)(3) of the Code, (ii) is a “substantially disproportionate” redemption with respect to such non-U.S.holder under Section 302(b)(2) of the Code, or (iii) is “not essentially equivalent to a dividend” with respect to the non-U.S.holder of the depositary shares under Section 302(b)(1) of the Code. In applying these tests, there must be taken into account not only the depositary shares being redeemed, but also such non-U.S.holder’s ownership of other classes and series of our capital stock and any options (including stock purchase rights) to acquire any of the foregoing. The non-U.S.holder of our depositary shares also must take into account any such securities (including options) which are considered to be owned by such non-U.S.holder under constructive ownership rules in Sections 302(c) and 318 of the Code. If the redemption does not meet any of the tests for exchange treatment under Section 302 of the Code, then the redemption proceeds received by a holder will be treated as a distribution on our shares and will be taxable as described under the caption “Non-U.S.Holders — Distributions” above. Because the application of the rules discussed above depend on a