Form 4: Washington Trust Bancorp EVP, CAO, and Controller Maria N. Janes Reports Acquisition of 2,210 Shares
SEC Form 4
Maria N. Janes, EVP, CAO, and Controller of Washington Trust Bancorp, reports acquiring 2,210 shares of common stock on March 19, 2024.
Summary
- On March 19, 2024, Maria N. Janes, the EVP, CAO, and Controller of Washington Trust Bancorp INC, acquired 2,210 shares of common stock.
- The shares were acquired at a price of $0.
- Following the transaction, Ms. Janes directly owns 11,905 shares of Washington Trust Bancorp INC.
- Ms. Janes also holds derivative securities in the form of stock options.
- These include options to buy 1,800 shares at $39.55 expiring on October 13, 2025, options to buy 2,000 shares at $40.25 expiring on October 18, 2026, and options to buy 925 shares at $32.74 expiring on October 9, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports a transaction. The acquisition of shares by an executive is generally viewed as a positive sign, but without additional context, the sentiment remains neutral.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 10/09/2017 | Date of stock option grant with an exercise price of $32.74 and an expiration date of 10/09/2024 for 925 shares. |
| 10/13/2018 | Date of stock option grant with an exercise price of $39.55 and an expiration date of 10/13/2025 for 1,800 shares. |
| 10/18/2019 | Date of stock option grant with an exercise price of $40.25 and an expiration date of 10/18/2026 for 2,000 shares. |
| 03/19/2024 | Date of the transaction where Maria N. Janes acquired 2,210 shares of common stock. |
| 03/21/2024 | Date of signature for the Form 4 filing. |
| 10/09/2024 | Expiration date of stock options to buy 925 shares at $32.74. |
| 10/13/2025 | Expiration date of stock options to buy 1,800 shares at $39.55. |
| 10/18/2026 | Expiration date of stock options to buy 2,000 shares at $40.25. |
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