Form 4: Washington Trust Bancorp EVP Kathleen Ryan Reports Stock Transactions
SEC Form 4 Filing
Kathleen Ryan, EVP and Chief Wealth Management Officer of Washington Trust Bancorp, reports acquisition and disposal of company stock on April 22, 2024.
Summary
- Kathleen Ryan, EVP and Chief Wealth Management Officer at Washington Trust Bancorp INC, filed a Form 4 detailing changes in beneficial ownership.
- On April 22, 2024, Ryan acquired 1,953 shares of Common Stock at $0 and disposed of 883 shares at $25.75.
- Following these transactions, Ryan directly owns 5,881 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 holds options to buy 2,000 shares at $40.25 (exercisable from 10/18/2019 to 10/18/2026) and 1,800 shares at $58.05 (exercisable from 10/17/2020 to 10/17/2027).
Sentiment
Score: 5
Explanation: This 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 services industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, reflecting insider trading activity.
Key Dates
| Date | Description |
|---|---|
| March 7, 2008 | Date of The Kathleen Ryan Declaration of Trust |
| October 18, 2019 | Start date for exercising stock options at $40.25 |
| October 17, 2020 | Start date for exercising stock options at $58.05 |
| October 18, 2026 | Expiration date for stock options at $40.25 |
| October 17, 2027 | Expiration date for stock options at $58.05 |
| April 22, 2024 | Date of stock acquisition and disposal |
| April 23, 2024 | Date of signature on the Form 4 filing |
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