Form 4: Washington Trust Bancorp Insider Trades
Statement of Changes in Beneficial Ownership
Dennis L. Algere of Washington Trust Bancorp Inc. reported transactions involving common stock and stock options.
Summary
- Dennis L. Algere, EVP Ch Comp Off/Dir Com Affair at Washington Trust Bancorp Inc. (WASH), reported transactions on April 6, 2026.
- Algere acquired 1,620 shares of common stock at no cost.
- Algere disposed of 733 shares of common stock for $34.16 per share.
- Following these transactions, Algere beneficially owns 19,750 shares of common stock directly.
- The filing also details Algere's holdings of various stock options with exercise prices ranging from $40.25 to $58.05, and expiration dates between 2026 and 2029.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions without significant positive or negative implications on its own.
Positives
- Acquisition of 1,620 shares of common stock at no cost, indicating potential equity-based compensation or grant.
- Continued holding of significant stock option grants, suggesting ongoing commitment and potential future upside.
Negatives
- Disposal of 733 shares of common stock at $34.16 per share, which could indicate a partial divestment or exercise and sale.
Future Outlook
The filing does not contain forward-looking statements or guidance. It reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in publicly traded companies. These reports provide transparency into the buying and selling activities of company executives and directors, which can be a signal to investors.
Stakeholder Impact
- Shareholders: The transactions may provide insights into management's view of the stock's value, though the disposal of shares could be interpreted negatively if not for other context.
- Employees: The acquisition of shares at no cost could be part of an employee compensation or incentive plan.
- Management: The filing directly reflects the actions of a key executive, Dennis L. Algere.
Key Dates
| Date | Description |
|---|---|
| 04/06/2026 | Date of earliest transaction reported. |
| 04/08/2026 | Date of signature on the filing. |
| 10/17/2022 | Expiration date for a stock option grant. |
| 10/17/2027 | Expiration date for a stock option grant. |
| 10/17/2029 | Expiration date for a stock option grant. |
| 10/18/2019 | Expiration date for a stock option grant. |
| 10/18/2026 | Expiration date for a stock option grant. |
| 10/16/2021 | Expiration date for a stock option grant. |
| 10/16/2028 | Expiration date for a stock option grant. |
| 10/17/2020 | Expiration date for a stock option grant. |
| 10/17/2027 | Expiration date for a stock option grant. |
Keywords
Washington Trust Bancorp, WASH, Form 4, Insider Trading, Stock Options, Common Stock, Beneficial Ownership, SEC Filing
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