Form 4: Washington Trust Bancorp Inc. Executive Reports Stock Transactions
SEC Form 4
Mary E. Noons, President and COO of Washington Trust Bancorp Inc., reported acquiring and disposing of company stock.
Summary
- Mary E. Noons, President and COO of Washington Trust Bancorp Inc., reported a transaction on January 23, 2025, where she acquired 1,034 shares of common stock at $0.
- On January 24, 2025, Ms. Noons disposed of 225 shares of common stock at a price of $32.47 per share.
- Following these transactions, Ms. Noons beneficially owns 21,415.99 shares of common stock directly.
- Ms. Noons also holds stock options for 1,800 shares of common stock, exercisable at $39.55, expiring on October 13, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Comparison to Industry Standards
- Executive stock transactions are a standard practice and are regularly reported by publicly traded companies.
- The reporting of these transactions is mandated by the SEC to ensure transparency and prevent insider trading.
- Similar filings are made by executives at comparable financial institutions such as Citizens Financial Group (CFG) and People's United Financial (PBCT).
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive trading activity.
- The transactions are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/13/2018 | Date of grant for stock options. |
| 01/23/2025 | Date of acquisition of 1,034 shares of common stock. |
| 01/24/2025 | Date of disposal of 225 shares of common stock. |
| 01/27/2025 | Date of signature for the form. |
| 10/13/2025 | Expiration date for stock options. |
Keywords
stock transactions, insider trading, beneficial ownership, common stock, stock options, executive, Washington Trust Bancorp Inc., WASH
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