Form 4: Washington Trust Bancorp CEO Reports Stock Transactions
SEC Form 4 Filing
Edward O. Handy III, Chairman and CEO of Washington Trust Bancorp, reports acquisition and disposal of common stock, including dividend reinvestments and holdings in living trusts.
Summary
- Edward O. Handy III, Chairman and CEO of Washington Trust Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 19, 2024, Handy acquired 9,480 shares of common stock at $0, likely through dividend reinvestment.
- Handy also reported indirect ownership of 27,750.321 shares through the Edward O. Handy III Living Trust Dated 7/28/2003 and 1,366.439 shares through the Mary C. Handy Revocable Living Trust.
- Following the reported transactions, Handy directly owns 16,631 shares of common stock.
- The filing was signed by Kristen L. DiSanto, Attorney-in-Fact, on March 21, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment.
Positives
- The acquisition of shares through dividend reinvestment indicates confidence in the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 7/28/2003 | Date of Edward O. Handy III Living Trust |
| 03/19/2024 | Date of stock transaction (acquisition of 9,480 shares) |
| 03/21/2024 | Date of Form 4 signature |
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