Form 4: Washington Trust Bancorp EVP Debra A. Gormley Reports Stock Transactions
SEC Form 4 Filing
Debra A. Gormley, EVP and Chief Retail Banking Officer of Washington Trust Bancorp, reports acquisition and disposal of common stock on April 22, 2024.
Summary
- Debra A. Gormley, an EVP and Chief Retail Banking Officer at Washington Trust Bancorp INC, reported transactions involving the company's common stock.
- On April 22, 2024, Gormley acquired 1,436 shares of common stock at $0.
- On the same day, Gormley disposed of 696 shares of common stock at $25.75.
- Following these transactions, Gormley beneficially owns 16,654.565 shares of common stock directly.
- Gormley also holds a stock option to buy 950 shares of common stock at an exercise price of $32.74, which was granted on October 9, 2017, and expires on October 9, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, reflecting insider confidence or portfolio adjustments.
Key Dates
| Date | Description |
|---|---|
| 10/09/2017 | Date stock option was granted |
| 04/22/2024 | Date of stock acquisition and disposal |
| 04/23/2024 | Date of signature for the report |
| 10/09/2024 | Expiration date of stock option |
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