Form 4: Washington Trust Bancorp EVP Kathleen Ryan Reports Stock Sales
SEC Form 4
Kathleen Ryan, EVP and Chief Wealth Management Officer of Washington Trust Bancorp, reported selling shares of common stock on May 2, 2024.
Summary
- Kathleen A. Ryan, EVP and Chief Wealth Management Officer of Washington Trust Bancorp INC [WASH], reported the sale of common stock on May 2, 2024.
- Ryan sold 414 shares at $26.46, 21 shares at $26.47, and 100 shares at $26.48.
- Following these transactions, Ryan directly owns 5,346 shares of common stock.
- Ryan also indirectly owns 4,362 shares through The Kathleen Ryan Declaration of Trust dated March 7, 2008, as amended.
- Ryan also owns stock options to buy 2,000 shares at $40.25 expiring on 10/18/2026 and 1,800 shares at $58.05 expiring on 10/17/2027.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales by an executive. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/07/2008 | Date of The Kathleen Ryan Declaration of Trust |
| 10/18/2019 | Date of Stock Option (right to buy) |
| 10/17/2020 | Date of Stock Option (right to buy) |
| 05/02/2024 | Date of stock sale transactions |
| 05/06/2024 | Date of signature on the Form 4 |
| 10/18/2026 | Expiration Date of Stock Option (right to buy) |
| 10/17/2027 | Expiration Date of Stock Option (right to buy) |
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