Company: WSBC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039418
Chunk: 39

Company: WESBANCO INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 39
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 and service requirements are met for performance-based options and the lapse of the designated period for time-based options. They are exercisable as they vest over the vesting period and effective in 2024, no option may vest earlier than at least one year after the grant date;

If EPS targets for a given year are not met, options that are performance-based are forfeited;

The term of each grant does not exceed 10 years;

As defined in our Incentive Plan, the exercise price is equal to the closing market price on the day prior to the grant date (we do not grant discounted stock options);

Grants do not include “reload” or “restored” provisions; and

Repricing of stock options is prohibited without stockholder approval.

Please see the “Outstanding Equity Awards at Fiscal Year-End” table on page45, for a description of the outstanding options of our named executive officers.

Restricted Stock Awards.Restricted stock is granted at the discretion of the Committee and the Committee determines the applicable vesting schedule reflecting attainment of designated performance goals and/or continuous employment over a period of years specified in the award documents. The Committee may provide for the payment of any applicable dividends paid with respect to any shares of common stock subject to a restricted stock award during the period prior to the lapse of the restrictions. The time based restricted stock granted in 2024 cliff vests in three years on May 25, 2027. See “Grants of Plan-Based Awards for the Year ended December 31, 2024” table on page41for information regarding the shares of restricted stock awarded to our named executive officers during 2024.

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Long-Term Cash Bonuses.Under the long-term bonus portion of our Incentive Plan, participating key employees have an opportunity to earn incentive compensation, if any, based on the actual achievement of performance goals set for that key employee over several fiscal years. The Compensation Committee has not utilized this optional benefit feature of our Incentive Plan and in certain prior years has elected to simply defer payment of a portion of the annual bonus award each year to create a deferred payment feature subject to future service. However, no portion of the 2024 bonuses awarded to our named executive officers was deferred.

Total ShareholderReturn Plan and Awards.We maintain a Total Shareholder Return Plan (“TSRP”), including related Administrative Rules, for certain officers as a form of long-term, performance-based, restricted stock incentive under the Incentive Plan. The Compensation Committee made TSR