Form 4: WAFD SVP & PAO Sanden Disposes Shares for Tax
Insider Transaction Report
WAFD Inc.'s Senior Vice President and Principal Accounting Officer, Blayne Sanden, disposed of 46 shares of common stock to cover tax liabilities.
Summary
- Blayne Sanden, SVP & PAO of WAFD INC, reported a disposition of common stock.
- On February 27, 2026, 46 shares of WAFD common stock were disposed of at a price of $31.16 per share.
- This transaction was coded as 'F', indicating a disposition to the issuer to pay tax liability incident to the vesting of restricted stock or the exercise of a stock option.
- Following this transaction, Blayne Sanden directly beneficially owns 5,087 shares of common stock.
- The filing also details several non-qualified stock options beneficially owned, with exercise prices ranging from $25.50 to $36.46 and expiration dates between October 31, 2029, and January 2, 2036.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is a routine, non-discretionary transaction to cover tax obligations related to executive compensation, rather than a strategic sale or a reflection of company performance.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
StockSavvy.ai notes that dispositions of shares by executives to cover tax liabilities upon the vesting of restricted stock or exercise of options are routine and common across all industries. This transaction is a standard part of executive compensation plans and does not typically reflect a change in the company's operational performance or strategic direction.
Comparison to Industry Standards
- This type of 'sell-to-cover' transaction is a standard practice for executives across publicly traded companies, including those in the financial services sector like WAFD Inc.
- The number of shares disposed (46) is relatively small compared to the total beneficial ownership (5,087 shares), indicating a non-material impact on the executive's overall stake.
- Similar transactions are frequently observed in filings for executives at peer financial institutions, such as U.S. Bancorp (USB) or KeyCorp (KEY), where equity compensation is a significant component of remuneration.
Related Party Transactions
- Disposition of 46 shares of common stock by Blayne Sanden, an officer of WAFD Inc., to the issuer to satisfy tax withholding obligations.
Stakeholder Impact
- Shareholders: Minimal direct impact due to the small number of shares involved in a routine tax-related transaction.
- Employees: No direct impact indicated by this filing.
- Customers: No direct impact indicated by this filing.
- Suppliers: No direct impact indicated by this filing.
- Creditors: No direct impact indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 10/31/2022 | Date exercisable for a non-qualified stock option with an exercise price of $36.46. |
| 10/31/2023 | Date exercisable for a non-qualified stock option with an exercise price of $26.12. |
| 10/31/2024 | Date exercisable for a non-qualified stock option with an exercise price of $32.49. |
| 10/31/2025 | Date exercisable for a non-qualified stock option with an exercise price of $33.36. |
| 02/27/2026 | Date of common stock disposition transaction. |
| 03/02/2026 | Signature date of the reporting person's attorney-in-fact. |
| 10/31/2026 | Date exercisable for a non-qualified stock option with an exercise price of $25.50. |
| 02/28/2028 | Date exercisable for a non-qualified stock option with an exercise price of $29.59. |
| 01/02/2029 | Date exercisable for a non-qualified stock option with an exercise price of $32.13. |
| 10/31/2029 | Expiration date for a non-qualified stock option with an exercise price of $36.46. |
| 10/31/2030 | Expiration date for a non-qualified stock option with an exercise price of $26.12. |
| 10/31/2031 | Expiration date for a non-qualified stock option with an exercise price of $32.49. |
| 10/31/2032 | Expiration date for a non-qualified stock option with an exercise price of $33.36. |
| 10/31/2033 | Expiration date for a non-qualified stock option with an exercise price of $25.50. |
| 02/28/2035 | Expiration date for a non-qualified stock option with an exercise price of $29.59. |
| 01/02/2036 | Expiration date for a non-qualified stock option with an exercise price of $32.13. |
Keywords
WAFD, Insider Transaction, Form 4, Stock Disposition, Executive Compensation, Tax Liability, Common Stock, Stock Options
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