WESBANCO INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
As of September 30, 2024, Wesbanco had one active stock repurchase plan. It was approved by the Board of Directors on February 24, 2022 for 3.2 million shares and provides for shares to be repurchased for general corporate purposes, which may include a subsequent resource for potential acquisitions, shareholder dividend reinvestment and employee benefit plans. The timing, price and quantity of purchases are at the discretion of Wesbanco, and the plan may be discontinued or suspended at any time. The plan has 972,298 shares remaining for repurchase.
Other repurchases in the third quarter included those for Wesbanco's Employee Stock Ownership and 401(k) Plan and dividend reinvestment plans.
The following table presents the monthly share purchase activity during the quarter ended September 30, 2024:
| Period · Total Number of SharesPurchased (1) · AveragePrice Paidper Share · Total Numberof SharesPurchasedas Part ofPubliclyAnnouncedPlans (2) · MaximumNumber ofShares thatMay YetBe PurchasedUnder thePlans | |||||
|---|---|---|---|---|---|
| Balance at June 30, 2024 | 972,440 | ||||
| July 1, 2024 to July 31, 2024 | 33,597 | $28.58 | 142 | 972,298 | |
| August 1, 2024 to August 31, 2024 | 2,206 | 31.12 | — | 972,298 | |
| September 1, 2024 to September 30, 2024 | 1,398 | 29.64 | — | 972,298 | |
| Total | 37,201 | $28.77 | 142 | 972,298 | |
(1)
Total shares purchased consist of open market purchases transacted in the KSOP for employee benefit and dividend reinvestment plans.
(2)
Consists of open market purchases and shares purchased from employees for the payment of withholding taxes to facilitate a stock compensation transaction.
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