Form 4: WAFD Inc. CEO Brent J. Beardall Transfers Shares in Divorce Settlement

WAFD Inc. CEO Brent J. Beardall transferred shares to his spouse as part of a divorce settlement, resulting in a change in his beneficial ownership.

Summary

• On September 3, 2024, Brent J. Beardall, the President & CEO and a director of WAFD Inc., transferred 165,281 shares of common stock to his spouse as part of a divorce settlement agreement.
• The transfer was executed at a price of $36.43 per share.
• Additionally, 30,182 shares held indirectly through a 401(k) were also transferred.
• Following the transaction, Beardall no longer has reportable beneficial ownership of the transferred shares.
• Beardall still beneficially owns 329,992 shares, including 118,829 stock units awarded pursuant to a Supplemental Executive Retirement Plan (SERP).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a personal transaction by the CEO. It doesn't inherently convey positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as officers and directors, make transactions in their company's stock. This filing indicates a personal transaction by the CEO and doesn't necessarily reflect the company's operational performance or strategic direction.

Stakeholder Impact

• The transfer of shares may have a minor impact on the shareholder base, but is unlikely to be significant.
• The divorce settlement is a personal matter and should not directly impact employees, customers, suppliers, or creditors.

Key Dates