Company: WSBC
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030795
Chunk: 88

Company: WESBANCO INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 88
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 May 15, 2025 and December 31, 2025, and expire seven years from the date of grant.Compensation expense for the stock option component of the Incentive Plan was $1.0 million, $0.9 million and $1.1 million for 2024, 2023 and 2022, respectively. At December 31, 2024, the total unrecognized compensation expense related to non-vested stock option grants totaled $0.5 million, with an expense recognition period of one year remaining. The maximum term of options granted under Wesbanco’s stock option plan is ten years from the original grant date; however, options granted in 2024 had a term of seven years.The total intrinsic value of options exercised was $0.5 million and $0.1 million for the years ended December 31, 2024 and 2023, respectively. The cash received and related tax benefit realized from stock options exercised was $1.5 million and $0.1 million in 2024 and was $0.2 million and $20 thousand in 2023. Shares issued in connection with options exercised are issued from treasury shares acquired under Wesbanco’s share repurchase plans or from issuance of authorized but unissued shares, subject to prior SEC registration.The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that might otherwise have a significant effect on the value of stock options granted that are not considered by the model.The following table sets forth the significant assumptions used in calculating the fair value of the grants: 

        For the Years Ended December 31,

        2024

        2023

        2022

        Weighted-average life
         
        4.5 years

        4.4 years

        5.1 years

        Risk-free interest rate

        4.58
        %

        3.95
        %

        2.89
        %

        Dividend yield

        4.93
        %

        5.50
        %

        4.15
        %

        Volatility factor

        36.76
        %

        35.56
        %

        32.28
        %

        Fair value of the grants