Form 4: WAFD Executive Ryan Mauer Reports Stock Dispositions

WAFD Inc.'s EVP & Chief Credit Officer, Ryan Mauer, reported the disposition of common stock and updated his beneficial ownership.

Summary

• Ryan Mauer, EVP & Chief Credit Officer of WAFD Inc., reported transactions involving the company's common stock.
• On October 31, 2025, Mauer disposed of 11,296 shares of common stock at a price of $0 per share.
• Also on October 31, 2025, Mauer disposed of 2,982 shares of common stock at a price of $29.03 per share, likely for tax withholding purposes (Transaction Code 'F').
• Following these transactions, Mauer beneficially owns 105,131 shares of WAFD Inc. common stock.
• Mauer also holds a Non-Qualified Stock Option to buy 618 shares of common stock at an exercise price of $28.16, exercisable from October 31, 2018, and expiring on October 31, 2028.
• Beneficial holdings include shares acquired through dividend reinvestment transactions.
• The reported beneficial ownership also includes 61,912 stock units awarded under a Supplemental Executive Retirement Plan (SERP) for Mauer's benefit.

Sentiment

Score: 5

Explanation: The filing is a routine insider transaction report, primarily factual and regulatory in nature, with no explicit positive or negative implications for the company's operational or financial performance. The dispositions are likely related to vesting and tax obligations.

Positives

• The executive's beneficial ownership of 105,131 shares of common stock and 618 stock options indicates a significant alignment of interests with shareholders.
• Inclusion of 61,912 stock units from a Supplemental Executive Retirement Plan (SERP) demonstrates a structured long-term compensation and retention strategy for key management.

Negatives

• The disposition of 11,296 shares at $0 and 2,982 shares at $29.03 (for tax withholding) represents a reduction in the executive's direct shareholdings, although the latter is a common practice for vesting equity awards.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, common across all publicly traded companies. It provides transparency into executive stock ownership and transactions, which is a standard practice in the financial industry.

Comparison to Industry Standards

• The reporting of insider transactions via Form 4 is a standard regulatory requirement for all U.S. public companies, ensuring transparency in executive stock movements.
• The disposition of shares for tax withholding (Transaction Code 'F') is a common practice when restricted stock units or other equity awards vest, aligning with typical executive compensation structures across industries.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and transactions, which can inform their assessment of management's alignment with shareholder interests. The dispositions are relatively small compared to total holdings and are likely routine.

Key Dates

Keywords

WAFD, Insider Transaction, Form 4, Ryan Mauer, Common Stock, Stock Option, Executive Compensation, Beneficial Ownership, SEC Filing