Wesbanco names Jeffrey H. Jackson as COO; CEO Todd Clossin to retire Jan 1, 2024

WESBANCO INC

Jeffrey H. Jackson appointed SEVP & COO of Wesbanco and President & COO of Wesbanco Bank, effective Aug 15, 2022.
Current CEO Todd Clossin announces retirement effective Jan 1, 2024; Jackson expected to succeed him.
Jackson receives base salary of at least $700k/yr, one-time cash bonus of $400k (clawback within 3 yrs), and 12,500 restricted shares vesting July 5, 2025.
Jackson eligible for annual cash incentive up to 75% of base (max 82.5%) and stock awards valued at 90% of base.
Change in control agreement provides 2x salary and average bonus lump sum upon qualifying termination after change in control.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Todd F. Clossin

President and Chief Executive Officer

WSBC · WESBANCO INC

Effective: 2024-01-01
Successor: Jeffrey H. Jackson
Filed: July 5, 2022, 7:59 PM ET

Todd F. Clossin, the Company’s current President and Chief Executive Officer, has announced his intention to retire from those positions with an anticipated retirement date of January 1, 2024.

Appointed

Jeffrey H. Jackson

Senior Executive Vice President and Chief Operating Officer

WSBC · WESBANCO INC

Effective: 2022-08-15
Filed: July 5, 2022, 7:59 PM ET

Jeffrey H. Jackson has executed an employment agreement to join the Company as Senior Executive Vice President and Chief Operating Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd F. Clossin departed as President and Chief Executive Officer at WESBANCO INC.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

Todd F. Clossin, the Company’s current President and Chief Executive Officer, has announced his intention to retire from those positions with an anticipated retirement date of January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey H. Jackson was appointed as Senior Executive Vice President and Chief Operating Officer at WESBANCO INC.

Action: appointed
Role: Senior Executive Vice President and Chief Operating Officer

Exact text from the filing

Jeffrey H. Jackson has executed an employment agreement to join the Company as Senior Executive Vice President and Chief Operating Officer of the Company.

View on SEC.gov

WESBANCO INC filing history →

Source: SEC EDGAR

accession 0001193125-22-187597

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