Form 4: WAFD CEO Gifts Shares, Updates Holdings

WAFD Inc.'s President and CEO, Brent J. Beardall, reported gifting 2,272.5 shares of common stock, updating his beneficial ownership.

Summary

• Brent J. Beardall, President & CEO and Director of WAFD Inc., reported a transaction on December 29, 2025.
• He disposed of 2,272.5 shares of WAFD common stock via a gift (transaction code 'G') at a price of $0.
• Following this transaction, his direct beneficial ownership of common stock is 366,891.5 shares.
• This common stock ownership includes 124,863 stock units awarded under a Supplemental Executive Retirement Plan (SERP).
• He also directly beneficially owns 6,000 Depositary Shares of Series A Preferred Stock, with each share representing a 1/40th interest in a share of 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (a gift of shares) which is a personal event and does not inherently reflect positively or negatively on the company's operational or financial performance.

Positives

• Transparency in reporting insider transactions as required by SEC regulations.

Negatives

• A reduction in direct common stock holdings by a key executive, even if a gift, could be perceived as a minor negative, though the amount is small relative to total holdings.

Risks

• Potential for misinterpretation of insider transactions by the market, despite the routine nature of the report.

Future Outlook

This filing, a Form 4, reports an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction report is specific to WAFD Inc. and its CEO, Brent J. Beardall, and does not provide information relevant to broader industry trends or competitor activities.

Related Party Transactions

• Disposition of 2,272.5 shares of common stock via gift by the President & CEO, Brent J. Beardall.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding insider ownership changes. The reduction in direct common stock ownership by the CEO is minor relative to his total holdings.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction (a gift of shares) and does not provide sufficient information to alter an investment thesis. The transaction itself is not indicative of fundamental changes in the company's prospects, warranting a 'hold' recommendation based solely on this filing.

Keywords

WAFD, insider transaction, Form 4, Brent J Beardall, common stock, preferred stock, CEO, director, stock gift, beneficial ownership