Form 4: WAFD Inc. Executive Cathy E. Cooper Reports Stock Sale and 401(k) Share Adjustment

EVP and Chief Consumer Banker of WAFD Inc., Cathy E. Cooper, reports selling 14,000 shares of common stock and an adjustment in 401(k) holdings.

Summary

• Cathy E. Cooper, EVP & Chief Consumer Banker of WAFD INC [WAFD], reported a transaction on May 21, 2024.
• Cooper sold 14,000 shares of WAFD common stock at a price of $28.5195 per share.
• Following the transaction, Cooper directly owns 88,691 shares of WAFD common stock.
• Cooper also indirectly owns 9,972 shares through a 401(k) plan, which includes an adjustment of 165 additional shares due to cash conversion and dividend reinvestment.
• The report also mentions 34,322 stock units awarded pursuant to a Supplemental Executive Retirement Plan (SERP).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, reflecting neutral sentiment as it reports factual transactions without expressing any positive or negative outlook.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors about insider activity. It's common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The stock sale by an executive could have a minor short-term impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates