Wesbanco Temporarily Suspends Trading in Benefit Plans
Ticker: WSBCO · Form: 8-K · Filed: Nov 27, 2024 · CIK: 203596
Sentiment: neutral
Topics: employee-benefits, trading-suspension
Related Tickers: WSBC
TL;DR
Wesbanco just paused trading in employee benefit plans. Check your shares.
AI Summary
Wesbanco, Inc. announced on November 27, 2024, a temporary suspension of trading under its employee benefit plans. This action is related to the company's common stock and depositary shares.
Why It Matters
This filing indicates a temporary halt in trading for employee benefit plans, which could affect employee access to their investments in Wesbanco stock.
Risk Assessment
Risk Level: low — The filing is a procedural announcement regarding employee benefit plans and does not indicate financial distress or significant operational changes.
Key Players & Entities
- Wesbanco, Inc. (company) — Registrant
- November 27, 2024 (date) — Date of earliest event reported
FAQ
What is the specific reason for the temporary suspension of trading?
The filing does not specify the reason for the temporary suspension of trading under the registrant's employee benefit plans.
When did the temporary suspension of trading take effect?
The filing indicates the date of the earliest event reported is November 27, 2024, which is when the temporary suspension is effective.
Which employee benefit plans are affected by this suspension?
The filing refers generally to 'Registrant's Employee Benefit Plans' and does not list specific plans.
What types of securities are included in the suspension?
The filing mentions the suspension relates to the company's common stock and depositary shares.
Is there an expected end date for the trading suspension?
The filing does not provide an expected end date for the temporary suspension of trading.
Filing Stats: 568 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-11-27 16:08:58
Key Financial Figures
- $2.0833 — ange on which registered Common Stock $2.0833 Par Value WSBC Nasdaq Global Select
Filing Documents
- wsbc-20241127.htm (8-K) — 42KB
- wsbc-ex99_1.htm (EX-99.1) — 12KB
- img235408680_0.jpg (GRAPHIC) — 10KB
- 0000950170-24-131482.txt ( ) — 208KB
- wsbc-20241127.xsd (EX-101.SCH) — 43KB
- wsbc-20241127_htm.xml (XML) — 6KB
04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans. On November 27, 2024, Wesbanco, Inc. (the "Company") sent a notice (the "Notice") to members of its board of directors, its executive officers and employees pursuant to Rule 104(b)(2) of Regulation BTR with respect to a covered blackout period under the Wesbanco, Inc. Key Executive Incentive Stock Option and Restricted Stock Plan (the "Plan"). The blackout period is necessary to complete the transition of the recordkeeping and administrative services associated with the Plan to Fidelity. During the blackout period, participants in the Plan will not be able to undertake certain actions, including the exercising of any vested stock options and transactions relating to the sale of previously restricted shares. The blackout period is expected to begin on December 2, 2024, and end on December 16, 2024. A copy of the Notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: 99.1 - Notice to Directors, Executive Officers and employees of Wesbanco, Inc dated November 27, 2024. 104 – Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Wesbanco, Inc. (registrant) Date: November 27, 2024 By: /s/ Daniel K. Weiss, Jr. Daniel K. Weiss, Jr. Senior Executive Vice President and Chief Financial Officer