Form 4: Washington Trust Bancorp Executive Acquires Shares
SEC Form 4
Dennis L. Algiere, EVP, Chief Compliance Officer and Director of Community Affairs at Washington Trust Bancorp, reports acquisition of 1,790 shares of common stock.
Summary
- On March 18, 2025, Dennis L. Algiere, an executive at Washington Trust Bancorp, acquired 1,790 shares of common stock.
- The transaction is reported on a Form 4 filing with the SEC.
- Following the transaction, Algiere directly owns 16,296 shares of Washington Trust Bancorp common stock.
- Algiere also holds options to purchase shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An insider buying shares is generally a good sign, but the quantity is not significant enough to drastically alter sentiment.
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 by investors as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/18/2019 | Date of stock option grant with an exercise price of $40.25 and expiration date of 10/18/2026 for 2,000 shares. |
| 10/17/2020 | Date of stock option grant with an exercise price of $58.05 and expiration date of 10/17/2027 for 1,800 shares. |
| 10/16/2021 | Date of stock option grant with an exercise price of $54.74 and expiration date of 10/16/2028 for 1,800 shares. |
| 10/17/2022 | Date of stock option grant with an exercise price of $48.65 and expiration date of 10/17/2029 for 2,100 shares. |
| 03/18/2025 | Date of the transaction where Dennis L. Algiere acquired 1,790 shares of common stock. |
| 03/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, stock options, common stock, WASH, Washington Trust Bancorp, acquisition, ownership, Algiere
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