Abigail Feinknopf
WESBANCOAbout Abigail M. Feinknopf
Independent director of Wesbanco, Inc. since 2002 (age 57; term expires at the 2026 annual meeting). She serves on the Corporation’s Marketing Committee and the Bank’s Loan Review Committee, and brings deep marketing/business development experience in the Columbus, Ohio market; education: B.A. in English, West Virginia University (also attended Capital University). She previously served on the boards of American Bancorporation and Wheeling National Bank (pre-merger into Wesbanco) . She is the sister of current director Jay T. McCamic (family relationship disclosed) .
Past Roles
| Organization | Role | Tenure/Dates | Committees/Impact |
|---|---|---|---|
| Karlsberger Companies (Ohio architectural industry) | Marketing and business development representative | Not disclosed | Market-facing client development; Columbus market knowledge |
| American Bancorporation; Wheeling National Bank | Director (prior to merger into Wesbanco) | Not disclosed | Prior bank board experience |
External Roles
| Organization | Role | Tenure/Dates |
|---|---|---|
| Feinknopf Photography (Columbus, OH) | Marketing and business development consultant | Not disclosed |
| Artist/Designer (commission-based studio) | Owner/operator | Not disclosed |
| McCamic Family Foundation | Director | Not disclosed |
Board Governance
- Independence: Board deems Feinknopf independent under Nasdaq standards; four directors are not independent (J.H. Jackson, T.F. Clossin, D. Knouse-Snyder, J.W. Cornelsen), implying Feinknopf is independent; overall board independence ratio 80% .
- Committees: Marketing Committee (Corporation) – member; Loan Review Committee (Bank) – member; no chair roles disclosed for Feinknopf .
- Board activity and attendance: The board met eight times in 2024; each director attended at least 75% of applicable board/committee meetings. Majority attended the 2024 annual meeting; exceptions were Jay T. McCamic, Rosie Allen‑Herring, and James Cornelsen (Feinknopf not listed among exceptions) .
- Independent director sessions: Independent directors meet in executive session at least twice per year; most recent in October 2024 .
- Governance structure: Separate independent Chairman (Christopher V. Criss) .
Fixed Compensation (Director)
| Component | Amount/Policy | 2024 Amount for Feinknopf |
|---|---|---|
| Annual retainer (Board) | $50,000 cash retainer for non‑employee directors | Included in cash totals below |
| Meeting fees | $1,500 per Board meeting; $1,250 per Executive Committee; $1,000 per other committees | Included in cash totals below |
| Chair fees | Chairman $125,000; Audit Chair $75,000 (if applicable) | Not applicable (not a chair) |
| Cash fees (Wesbanco, Inc.) | Actual paid 2024 | $66,000 |
| Cash fees (Wesbanco Bank, Inc.) | Actual paid 2024 | $4,000 |
| Total cash | Sum of cash components | $70,000 |
| Total director compensation (incl. equity) | Cash + equity | $120,000 |
Performance Compensation (Director Equity)
- Annual equity program: Non‑employee directors receive three‑year time‑vested restricted stock with a grant date value of $50,000 at the board’s April reorganization meeting .
- 2024 grant (grant date fair value): $50,000 .
| Equity Detail | Shares/Value | Vesting |
|---|---|---|
| 2022 RS award | 917 shares | Vests in 2025 |
| 2023 RS award | 1,940 shares | Vests in 2026 |
| 2024 RS award | 1,828 shares | Vests in 2027 |
| Unvested time‑based RS (director table reference) | 3,168 shares (proxy director compensation footnote) | Time-vested; three-year schedule |
Notes: Equity awards are time‑based for directors; the proxy’s beneficial ownership section also itemizes unvested RS by grant year and vest dates, as shown above .
Other Directorships & Interlocks
| Entity | Type | Role | Interlock/Conflict Signal |
|---|---|---|---|
| American Bancorporation; Wheeling National Bank (pre-merger) | Public bank (historical) | Director | Prior board seat at merged entity |
| McCamic Family Foundation | Non‑profit | Director | Holds 53,400 WSBC shares; Feinknopf is director of the foundation |
| Family relationship on WSBC Board | Family | Sister of director Jay T. McCamic | Governance sensitivity due to sibling on the board |
Expertise & Qualifications
- Marketing and business development expertise in the Columbus, OH market; current consulting role; owner/operator of an artist/designer studio .
- Prior bank board experience (American Bancorporation; Wheeling National Bank) .
- Education: B.A. in English, West Virginia University; also attended Capital University .
- Represents significant share ownership (see Equity Ownership) .
Equity Ownership
| Metric | Detail |
|---|---|
| Beneficial ownership – sole | 33,754 shares (includes unvested restricted stock awards from 2022–2024) |
| Beneficial ownership – shared | 174,335 shares |
| Shared breakdown | 59,489 shares in a trust for Feinknopf; 61,446 shares in a trust for her children (co‑trustee); 53,400 shares in McCamic Family Foundation (Feinknopf is a director) |
| Percent of class | “*” (less than 1%) as denoted in proxy table |
| RSU/RS unvested by grant | 917 (2022, vests 2025); 1,940 (2023, vests 2026); 1,828 (2024, vests 2027) |
| Hedging/pledging | Insider policy prohibits hedging and prohibits purchasing on margin or borrowing against accounts holding WSBC stock (mitigates pledging risk) |
| Director stock ownership posture | Directors are encouraged to own “significant” stock; all directors must meet WV bank director ownership requirements; formal ownership multiples apply to executives (not directors) |
Governance Assessment
- Signals supporting investor confidence:
- Independent status; board maintains 80% independence; separate independent Chairman structure; annual board self‑evaluation and independent director executive sessions at least twice per year .
- Strong attendance disclosure (≥75% for all directors) and active committee structure; equity component in director pay aligns incentives; anti‑hedging and anti‑margin policies in place .
- Meaningful beneficial ownership including personal trusts and family foundation exposure, supporting alignment via “skin in the game” .
- 2024 Say‑on‑Pay support at ~81% indicates acceptable shareholder sentiment toward compensation governance .
- Potential red flags/monitoring items:
- Family relationship: Feinknopf is the sister of director Jay T. McCamic—this relatedness can create perceived independence risks despite Nasdaq independence determination; risk mitigated by overall board independence and committee independence .
- Long tenure (director since 2002) may draw scrutiny from some investors focused on refreshment; board cites skills/market knowledge rationale in her biography .
- Concentration of shared holdings through family trusts and a family foundation warrants ongoing monitoring for conflicts in any related‑party contexts (no specific related‑party transactions disclosed for Feinknopf; board maintains a related‑party transaction policy) .
Appendix: Board/Committee Compensation Structure (for context)
| Item | Amount |
|---|---|
| Board annual cash retainer (non‑employee director) | $50,000 |
| Board meeting fee | $1,500 per meeting |
| Executive Committee meeting fee | $1,250 per meeting |
| Other committee meeting fee | $1,000 per meeting |
| Chairman of the Board fee | $125,000 |
| Audit Committee Chair fee | $75,000 |
| Director equity grant | $50,000 in 3‑year time‑vested restricted stock (granted each April) |
References:
- 2025 Definitive Proxy Statement (DEF 14A) for Wesbanco, Inc., filed March 14, 2025: director bios, independence, committees, director compensation, ownership, policies, attendance, and say‑on‑pay results .