WesBanco, Inc. has announced that the administration of its Key Executive Incentive Stock Option and Restricted Stock Plan will be transitioning to Fidelity Stock Plan Services effective December 6, 2024. As a result of this change, there will be a blackout period for trading WesBanco common stock, as mandated by SEC rules.
The blackout period is scheduled to commence on December 2, 2024, and is anticipated to conclude on December 16, 2024. During this period, directors and officers will be prohibited from engaging in any transactions related to WesBanco common stock, including purchasing, selling, or transferring shares.
This move will impact the ability of key executives to trade WesBanco common stock for a limited time, and is part of the transition process as the administration of the Key Executive Incentive Stock Option and Restricted Stock Plan is transferred to Fidelity Stock Plan Services. Today the company's shares have moved -1.5% to a price of $34.91. If you want to know more, read the company's complete 8-K report here.