Company: WSBC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039418
Chunk: 24

Company: WESBANCO INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 24
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 of best practices for executive compensation. Applying that philosophy, our compensation programs are designed to provide the appropriate mix of compensation and benefits in order to promote the interests of the Corporation and its stockholders

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while enabling us to attract and retain top-quality executive talent. The primary objectives of the compensation policies for executive officers are to:

Attract and retain executive officers by offering base salary that is competitive with that offered by similarly situated banks in the markets in which we compete and by rewarding outstanding individual performance;

Promote and reward the achievement of short-term and long-term objectives set by the Board (after taking into consideration management's recommendations) without encouraging unnecessary and excessive risk taking by our executive officers; and

Align the interests of executive officers with those of our stockholders by making incentive compensation an important aspect of our executive’s compensation.

The philosophy statement delineates the following four fundamental principles in establishing executive compensation: (i) the Corporation’s performance both in terms of the attainment of short-term and long-term goals; (ii) the competitiveness of the Corporation’s executive officers’ salaries to that of similarly qualified and situated officers in markets in which it competes; (iii) the individual performance of each executive officer and (iv) the recommendations of the Chief Executive Officer regarding all executive officers other than himself. Our executive compensation policies align with sound governance principles. The following chart highlights our fiscal 2024 executive compensation policies and practices:

| What We Do                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | What We Don’t Do                                                                                                                                                                                                                                                                                                                                        |
| Performance-based cash and equity incentive compensationCaps on performance-based cash and equity incentive compensationAnnual review and approval of our executive compensation strategySignificant portion of executive compensation at risk based on corporate performanceRecovery required for erroneously awarded Incentive Based CompensationStock ownership guidelines for executive officers and non-employee directorsMulti-year equity award vesting periods for equity awardsIndependent compensation consultant engaged by the Compensation Committee100% independent directors on the Compensation CommitteeLimited perquisites | No “single trigger” change in control payments and benefitsNo tax gross-ups for change in control related excise tax paymentsNo short sales, hedging, or pledging of stock ownership positions and transactions involving derivatives of our common stockNo strict benchmarking of compensation to a specific percentile of our compensation peer group |

Administration of the Executive Compensation Program

Compensation Committee Process.Our Compensation Committee meets as often as necessary to perform its duties and responsibilities. The Compensation Committee met three times during calendar year 2024 and has met once so far during calendar year