Form 4: Washington Trust Bancorp Executive Acquires Shares

Dennis L. Algiere, EVP, Chief Compliance Officer and Director of Community Affairs at Washington Trust Bancorp, acquired 2,210 shares of common stock on March 19, 2024.

Summary

• On March 19, 2024, Dennis L. Algiere, an executive at Washington Trust Bancorp, acquired 2,210 shares of common stock.
• The transaction was a direct acquisition at a price of $0 per share.
• Following the transaction, Algiere directly owns 13,468 shares of Washington Trust Bancorp common stock.
• Algiere also holds stock options for 2,100 shares at $48.65, expiring on 10/17/2029, 2,000 shares at $40.25, expiring on 10/18/2026, 1,800 shares at $54.74, expiring on 10/16/2028 and 1,800 shares at $58.05, expiring on 10/17/2027.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed as a positive sign, but the size of the purchase is relatively small.

Positives

• An executive acquiring shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely watched as indicators of management's view of the company's prospects. While a single transaction is not definitive, consistent buying by multiple insiders can be a positive sign.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates