Company: WSBC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039418
Chunk: 42

Company: WESBANCO INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 42
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 Plan (“PBSP”), including establishing certain administrative guidelines, for certain executive officers as a form of long-term, performance based restricted stock incentive under the Incentive Plan. PBSP awards of 30,275 shares were made as of May 15, 2024 for the three-year Performance Period beginning January 1, 2025 and ending December 31, 2027, of which 16,964 shares were awarded to the named executive officers. The target number of performance-based restricted shares awarded to each named executive officer is as follows: Mr. Jackson, 5,350; Mr. Weiss, 2,191; Mr. Zatta, 3,302; Mr. Pietranton, 2,296; Mr. Perkins, 2,216 and Mr. Richmond, 1,609. See the “Grants of Plan-Based Awards for the Year ended December 31, 2024” table on page41.

Descriptionof PBSP.The PBSP awards made in May 2024 are for the performance period beginning January 1, 2025 and will have a three-year performance period based on the Corporation’s Return on Average Assets (“ROA”) and Return on Average Tangible Common Equity (“ROATCE”) compared to the 2024 Peer Group. Each executive officer will earn 1/6 of his or her target share award each year of the Performance Period in which the Corporation’s ROA equals or exceeds the 2024 Peer Group average. Similarly, each named executive officer will earn 1/6 of his or her target share award for each year of the Performance Period in which the Corporation’s ROATCE equals or exceeds the 2024 Peer Group average. Earned performance based restricted stock will also be subject to additional service-based vesting – 50% of the shares earned will vest following the end of the three-year Performance Period on May 15, 2028 after results have been certified by the Compensation Committee, with the other 50% of the earned shares vesting on May 15, 2029. If awards are not earned for a fiscal year, the corresponding shares are forfeited.

The performance target for 2024 awards was 75% (at threshold) or 100% (at target) of the average ROA and ROATCE of the 2024 Peer Group, for each year in the three-year Performance Period with 1/6theligible to be earned for each category for each year. Generally, non-GAAP