Company: WSBC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039418
Chunk: 96

Company: WESBANCO INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 96
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 received the cash and equity compensation described below for fiscal 2024 Board service. We also reimbursed our non-employee directors for expenses incurred in connection with attending Board and committee meetings, assisting with other Corporation business, such as meeting with potential officer and director candidates, as well as continuing director education. Members of the Board who are our employees are not separately compensated for serving on the Board.

In order to align the interests of directors and stockholders, it is also the Board’s policy that non-employee directors are encouraged to own an amount of the Corporation’s stock that is significant in light of each director’s individual means.

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The Corporation also expects all directors to comply with all federal, state, and local laws regarding trading in securities of the Corporation and disclosing material, non-public information regarding the Corporation, and the Corporation has procedures in place to assist directors in complying with these laws. See the section entitled "Insider Trading Policies and Procedures" on page60.

Meetings of Board of Directors andCommittees and Compensation of Members

The Board of Directors of the Corporation meets eight times a year in the months of January, March, April, June, July, September, October and December, and the Executive Committee of the Corporation meets when the Board does not in the months of February, May, August and November. In 2024, fees paid for attendance at each Board meeting and each meeting of the Executive Committee were $1,500 and $1,250, respectively. The Directors also receive an annual retainer fee, payable quarterly, of $50,000. The Chairman of the Board and Chairman of the Audit Committee each received an annual fee of $125,000 and $75,000, respectively. The Directors also receive stock awards in the form of three-year time-vested restricted stock in the amount of $50,000, payable as of the reorganization meeting of the Board in April of each year.

During 2024, the Board of Directors of the Corporation held eight meetings. Directors of the Corporation were also paid a fee of $1,000 for attendance at meetings of other committees of the Corporation. No annual or meeting fees are paid to Directors who are also current officers of the Corporation or any of its affiliates. Fees in the total amount of $1,401,817 were paid to Directors consisting of the annual retainer and fees for attendance at meetings of the Board of Directors of the Corporation and the Bank and at meetings of all committees of the Corporation and Bank during