Company: WSBC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039418
Chunk: 41

Company: WESBANCO INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 41
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 TSR Shares is based on a percentage of base salary. For the 2022-2024 Performance Period it was on overage approximately 11.1% of base salary, for the 2023-2025 Performance Period it was on average approximately 9.9% of base salary and for the 2024-2026 Performance Period it was on average approximately 8.7% of base salary. No dividends paid by the Corporation on its common stock during the three-year measurement period will be paid to or be accrued for holders of Target TSR Shares but will result in the delivery of additional shares to holders of Target TSR Shares only and to the extent an award is earned. The increase in shares will be determined using the dollar value of the dividends paid on Corporation common stock and the trading price of Corporation common stock on the date the dividend was paid.

Target TSR Shares will vest and be converted into shares of common stock of the Corporation if the TSR of Corporation common stock is equal to or greater than the 50th percentile of the TSRs of the TSR Peer Group. If the TSR of Corporation common stock is less than the 50th percentile of the TSR Peer Group TSR, all Target TSR Shares will be forfeited. If the TSR of Corporation common stock is equal to or greater than the 75th percentile of the TSR Peer Group, 200% of the Target TSR Shares will be earned. No more than 200% of the Target TSR Shares will be earned even if the TSR on the Corporation common stock exceeds the 75th percentile of the TSR Peer Group TSR. If the TSR of the Corporation common stock is between the 50th and 75th percentiles, the number of shares of Corporation common stock earned will be determined using straight-line interpolation.

Individuals who are awarded Target TSR Shares are subject to the Corporation’s Incentive Based Compensation Recovery Policy discussed below as well as certain restrictive covenants that survive the Performance Period.

The TSRPeer Group.The TSR Peer Group for the 2024-2026 Performance Period is the 2024 Peer Group which is different than the 2023 Peer Group as described on page20.

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2022-2024 Performance Period Results.The TSR of the Corporation’s common stock for the 2022-2024 Performance Period was equal to the 41% percentile of the TSR Peer Group. Accordingly, no shares were earned for the 2022-2024 Performance Period.

Performance Based Stock Awards.We maintain a Performance-Based Stock