In the latest update from WesBanco, Inc., it has been announced that the administration of the Key Executive Incentive Stock Option and Restricted Stock Plan will be transitioning to Fidelity Stock Plan Services, effective December 6, 2024. This change will trigger a blackout period, in compliance with SEC rules, during which directors and officers will be prohibited from trading WesBanco common stock.
The blackout period is scheduled to commence on December 2, 2024, and is anticipated to conclude on December 16, 2024. As a result of this transition, the trading activities related to WesBanco common stock will be restricted for the specified period.
This move is part of the company's ongoing efforts to ensure compliance with regulatory requirements and maintain transparency in its stock trading activities.
For any inquiries regarding the blackout period, individuals are encouraged to reach out to Jeff Jackson or Jim Gardill. Similarly, questions concerning the Plan can be directed to Kim Griffith.
This transition will impact the trading activities of WesBanco directors and officers for a defined period, providing a clear indication of the company's commitment to adhering to regulatory standards and ensuring the smooth administration of its stock option and restricted stock plan. Today the company's shares have moved -0.4% to a price of $35.45. If you want to know more, read the company's complete 8-K report here.