Form 4: Washington Trust Bancorp EVP Anthony Botelho Transfers Shares to Ex-Wife
SEC Form 4 Filing
Anthony Botelho, EVP and Chief Lending Officer of Washington Trust Bancorp, reports the transfer of 166 shares of common stock to his ex-wife as part of a marital settlement agreement.
Summary
- On October 24, 2024, Anthony A. Botelho, EVP and Chief Lending Officer of Washington Trust Bancorp Inc. (WASH), transferred 166 shares of WASH common stock to his ex-wife.
- The transfer was executed pursuant to a Marital Settlement Agreement.
- Following the transaction, Mr. Botelho directly owns 4,022 shares of WASH common stock.
- Mr. Botelho also holds options to buy 1,900 shares at $54.59 exercisable from 10/19/2024 to 10/19/2031 and options to buy 1,900 shares at $48.5 exercisable from 10/18/2025 to 10/18/2032.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a personal transaction of an executive. It doesn't inherently convey positive or negative sentiment regarding the company's performance.
Industry Context
This is a routine disclosure related to executive stock ownership and transfers, common in the financial services industry.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a personal matter for the executive and does not affect the company's operations or financial position.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of stock transfer to ex-wife |
| 10/19/2024 | Start date for exercising stock options at $54.59 |
| 10/19/2031 | Expiration date for stock options at $54.59 |
| 10/18/2025 | Start date for exercising stock options at $48.5 |
| 10/18/2032 | Expiration date for stock options at $48.5 |
| 10/25/2024 | Date of signature on the Form 4 filing |
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