Form 4: Washington Trust Bancorp EVP Anthony Botelho Reports Stock Disposal
SEC Form 4 Filing
Anthony Botelho, EVP and Chief Lending Officer of Washington Trust Bancorp, reports the disposal of 144 shares of common stock to cover tax obligations.
Summary
- On October 19, 2024, Anthony A Botelho, EVP and Chief Lending Officer of Washington Trust Bancorp INC [WASH], disposed of 144 shares of common stock.
- The transaction was executed at a price of $33.1 per share.
- Following the transaction, Botelho directly owns 4,188 shares of Washington Trust Bancorp common stock.
- Botelho also holds options to purchase 1,900 shares at $54.59 exercisable from 10/19/2024 to 10/19/2031 and 1,900 shares at $48.5 exercisable from 10/18/2025 to 10/18/2032.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction. It doesn't indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The disposal of shares may be related to tax obligations or portfolio diversification.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of stock disposal and stock option grant. |
| 10/19/2031 | Expiration date of stock options with an exercise price of $54.59. |
| 10/18/2025 | Date stock options with an exercise price of $48.5 become exercisable. |
| 10/18/2032 | Expiration date of stock options with an exercise price of $48.5. |
| 10/22/2024 | Date of signature on the Form 4 filing. |
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