Form 4: Washington Trust Bancorp EVP Anthony Botelho Transfers Shares to Ex-Wife
SEC Form 4
Anthony Botelho, EVP and Chief Lending Officer of Washington Trust Bancorp, reports the transfer of 283 common stock shares to his ex-wife as part of a marital settlement agreement.
Summary
- Anthony A. Botelho, EVP and Chief Lending Officer of Washington Trust Bancorp Inc. (WASH), filed a Form 4 on July 29, 2024, reporting a change in beneficial ownership.
- On July 25, 2024, Mr. Botelho transferred 283 shares of WASH common stock to his ex-wife pursuant to a Marital Settlement Agreement.
- Following the transaction, Mr. Botelho directly owns 4,332 shares of Washington Trust Bancorp Inc.
- Mr. Botelho also holds stock options to buy 1,900 shares at $48.50 exercisable between October 18, 2025, and October 18, 2032, and another 1,900 shares at $54.59 exercisable between October 19, 2024, and October 19, 2031.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to a stock transfer due to a personal matter. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Executive stock transactions are routinely monitored and reported to the SEC, providing transparency into insider activity. Transfers due to personal reasons like divorce are not uncommon.
Stakeholder Impact
- The stock transfer has a minimal impact on shareholders as it involves a small number of shares from an executive's personal holdings.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Date of stock transfer to ex-wife. |
| 10/19/2024 | Earliest exercisable date for one set of stock options. |
| 10/18/2025 | Earliest exercisable date for another set of stock options. |
| 10/19/2031 | Expiration date for one set of stock options. |
| 10/18/2032 | Expiration date for another set of stock options. |
| 07/29/2024 | Date of Form 4 filing. |
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