secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESBANCO INC (WSBC)
CIK:        0000203596
Form:       8-K
Filed at:   2022-07-05T23:59:59+00:00
Accession:  0001193125-22-187597
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/203596/000119312522187597/0001193125-22-187597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/203596/000119312522187597/d339200d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-187597

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer