Company: WSBC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039418
Chunk: 37

Company: WESBANCO INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 37
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 amounts, the Committee noted the following achievements:

In determining Mr. Jackson’s award, the Committee noted the successful capital raise of $200 Million in conjunction with the acquisition of Premier and the negotiation and completion of the acquisition, the largest in the Corporation's history. They also noted the Corporation's strong earnings performance for the year by exceeding budgeted net income by 11% and budgeted pre-tax, pre-provision net income by 12.4%. They also noted the strong loan growth of 8.7% year over year coupled with strong deposit growth of 7.3% year over year. Finally, they noted the 21% increase in fee income for the year while maintaining key credit quality metrics at low levels and favorable to peer bank averages.

In determining Mr. Weiss’ award, the Committee noted the overall performance of the Corporation and its attainment of all performance metrics in excess of target. They also noted the successful capital raise, in which he provided a leadership role, and the completion of the acquisition of Premier. They also noted his successful efforts in managing expenses as non-interest expense increased just 2.4% year over year. Finally, they noted his leadership role in the Corporation's investor relations program and the strong support for the common stock during the year 2024, as evidenced by the common equity raise through a private placement.

In determining Mr. Zatta’s award, the Committee noted his efforts in managing the Corporation's achievement of strong loan growth for the year while also growing deposits to essentially fund the full year's loan growth of $1 Billion. They also noted he was instrumental in driving non-interest income as fee income increased 21% year over year. Finally, they noted his leadership in preparing the Corporation to assimilate Premier and reorganizing the markets of the combined organization post merger to effectively support their respective communities and market.

In determining Mr. Perkins' award, the Committee noted the Corporation's overall strong performance for the year, but took special note of the strong metrics produced by the low level of nonperforming assets and net charge offs achieved for the year. They also noted the strong results in the regulatory/compliance metric for the year which they attributed, in part, to a robust risk management function, which he leads. They also noted his contributions in the overall planning for the integration of Premier.

In determining Mr. Pietranton’s award, which the Committee prorated due to his untimely death on June 19, 2024, the Committee noted the overall achievement by the Corporation in