Company: WSBC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039418
Chunk: 40

Company: WESBANCO INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 40
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P awards effective January 1, 2022, for the Performance Period beginning January 1, 2022 and ending on December 31, 2024, to certain officers. A total of 12,000 restricted TSRP shares were reserved for award if target performance is achieved, of which 6,396 shares were awarded to the named executive officers at target. The Compensation Committee made TSRP awards effective January 1, 2023 for the Performance Period beginning January 1, 2023 and ending on December 31, 2025, to certain officers. A total of 12,000 restricted TSRP shares were reserved for award, if target performance is achieved of which 8,523 shares were awarded to the named executive officers. The Compensation Committee made TSRP awards effective January 1, 2024, for the performance period beginning January 1, 2024, and ending on December 31, 2026, to certain officers. A total of 12,000 restricted TSRP shares were reserved for award, if target performance is achieved of which 8,030 shares were awarded to the named executive officers. See the “Grants of Plan-Based Awards for the Year ended December 31, 2024” table on page41.

Description of TSRP.The TSRP measures the total shareholder return (“TSR”, which is, generally, the change in trading prices of a share of Corporation common stock plus dividends paid) on Corporation common stock over a three-year measurement period (the “Performance Period”) relative to the TSR of a group of publicly traded companies deemed comparable by the Compensation Committee to the Corporation (the “TSR Peer Group”) over the same Performance Period. For 2024, the Compensation Committee used the 2024 Peer Group. To prevent distortions, the opening values and closing values of a share of common stock for the TSRP, both of the Corporation and for each member of the TSR Peer Group, are determined using the sixty (60) day trailing average of trading prices of the common stock of the Corporation and of the common stock of each member of the TSR Peer Group immediately preceding the opening and closing of the Performance Period, respectively. Only dividends actually paid are included in determining TSR for the common stock of the Corporation and for the common stock of the members of the TSR Peer Group.

As of the beginning of the Performance Period, participants are awarded TSR opportunities denominated in the number of shares earned if target performance is achieved (“Target TSR Shares”). The number of Target