Zatta Jayson M 4
Research Summary
AI-generated summary
WesBanco (WSBC) SEVP Jayson Zatta Receives Award; Shares Withheld
What Happened
Jayson M. Zatta, Senior Executive Vice President & Chief Banking Officer of WesBanco (WSBC), was granted 2,032 shares on 2026-06-01 (transaction code A — award/acquisition). On the same day, 6,515 shares were disposed to satisfy tax obligations (transaction code F) in three withholdings: 212 shares at $33.43 ($7,087), 341 shares at $33.42 ($11,396), and 5,962 shares at $34.56 ($206,047), totaling $224,530. The filing shows an award plus share disposals for tax withholding rather than open-market sales.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (timely filing).
- Award: 2,032 shares acquired (code A), reported value $0 in the line item.
- Withholdings/disposals (code F) — three blocks: 212 @ $33.43 ($7,087); 341 @ $33.42 ($11,396); 5,962 @ $34.56 ($206,047). Total disposed = 6,515 shares for $224,530.
- Shares owned after the transaction: not disclosed in this filing.
- Notes: Code F indicates shares were surrendered/withheld to cover tax liabilities (common when awards vest). No 10b5-1 or other plan was specified in the reported lines.
Context
This filing shows an equity award and simultaneous share withholding to meet tax obligations — a routine administrative step when restricted stock or similar awards vest. Such withholdings are not the same as an open-market sale and do not necessarily signal the insider's view on the stock.