Company: WSBC
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001193125-25-201360
Chunk: 59

Company: WESBANCO INC
Filing Date: 2025-09-11
Form: 424B5
Chunk 59
---
 shares will be taxable as dividend income when paid to the extent of our
current or accumulated earnings and profits as determined for U.S. federal income tax purposes. Such income will be includable in a U.S. holder’s gross income on the date of receipt by the Depositary. To the extent that the amount of a
distribution with respect to the depositary shares exceeds our current and accumulated earnings and profits, such distribution will be treated first as a tax-free return of capital to the extent of the U.S.
holder’s adjusted tax basis in such depositary shares (reducing the holder’s basis in such depositary shares), and thereafter as capital gain from the sale or exchange of the depositary shares.

Distributions constituting dividend income received by a non-corporate U.S. holder in respect of the
depositary shares will generally be treated as “qualified dividend income” that is taxable at the preferential rates applicable to long-term capital gains, provided that certain holding period requirements are met and certain other
conditions are satisfied. Distributions on the depositary shares constituting dividend income paid to holders that are U.S. corporations (or other U.S. entities taxable as corporations for U.S. federal income tax purposes) will generally qualify for
the dividends-received deduction, provided that certain holding period requirements are met and certain other conditions are satisfied.

Dividends that exceed thresholds in relation to a U.S. holder’s tax basis in the depositary shares could be characterized as an
“extraordinary dividend” under the Code. A corporate U.S. holder will be required to reduce its tax basis (but not below zero) in the depositary shares by the nontaxed portion of any “extraordinary dividend” if the stock was
not held for more than two years before the earliest of the date such dividend is declared, announced, or agreed. Generally, the nontaxed portion of an extraordinary dividend is the amount excluded from income by operation of the
dividends-received deduction. Any part of the nontaxed portion of an extraordinary dividend that is not applied to reduce the corporate U.S. holder’s tax basis as a result of the limitation on reducing its basis below zero would be treated as
capital gain and would be recognized in the taxable year in which the extraordinary dividend is received.

A U.S. holder should consult
its own tax advisor regarding the availability of the reduced dividend tax rate and the dividends-received deduction in the light of its particular circumstances.

Sale or Exchange of the Depositary Shares