Form 4: WAFD Inc. Director David K. Grant Acquires Shares and Disposes of Preferred Stock

Director David K. Grant of WAFD Inc. acquired 3,288 common shares at $32.24 each and disposed of 20,000 depositary shares of Series A Preferred Stock.

Summary

• David K. Grant, a director at WAFD Inc., engaged in transactions involving the company's stock.
• On January 2, 2025, Mr. Grant acquired 3,288 shares of common stock at a price of $32.24 per share.
• On the same day, he disposed of 20,000 depositary shares of Series A Preferred Stock.
• Each depositary share represents a 1/40th interest in a share of 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of insider trading activity, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transactions are typical for directors who may be adjusting their holdings for various reasons, including portfolio management or tax planning.
• Similar filings are made by directors and officers of other financial institutions such as Bank of America, JP Morgan Chase, and Wells Fargo.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as they reflect the trading activity of a company director.
• The filing provides transparency to the market regarding insider transactions.

Key Dates

Keywords

WAFD Inc., David K. Grant, Director, Common Stock, Preferred Stock, Depositary Shares, SEC Form 4, Insider Trading