Form 4: Washington Trust Bancorp: Insider Trades Reported
Statement of Changes in Beneficial Ownership
Edward O. Handy III, Chairman and CEO of Washington Trust Bancorp Inc., reported transactions involving company common stock.
Summary
- Edward O. Handy III, Chairman and CEO of Washington Trust Bancorp Inc. (WASH), has filed a Form 4 reporting transactions related to the company's common stock.
- On April 6, 2026, Mr. Handy acquired 6,848 shares of common stock at no cost.
- On the same date, he disposed of 3,104 shares of common stock at a price of $34.16 per share.
- Following these transactions, Mr. Handy beneficially owns 48,247 shares directly.
- Additionally, he holds indirect beneficial ownership of 32,427.889 shares through the Edward O. Handy III Living Trust dated 7/28/2003, and 1,599.019 shares through the Mary C. Handy Revocable Living Trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it reports both an acquisition and a disposal of shares by a key executive, balancing out potential positive or negative interpretations.
Positives
- Acquisition of 6,848 shares of common stock by the Chairman and CEO at no cost, potentially indicating continued confidence in the company.
- Direct beneficial ownership of 48,247 shares by the Chairman and CEO demonstrates a significant personal stake in the company's performance.
Negatives
- Disposal of 3,104 shares of common stock by the Chairman and CEO, which could be interpreted as a reduction in his direct holdings, although the acquisition of shares offsets this to some extent.
Future Outlook
No specific forward-looking statements or guidance were provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and provide transparency into the holdings and trading activities of company executives and directors. These filings are crucial for investors seeking to understand insider sentiment towards a company's stock.
Stakeholder Impact
- Shareholders: The transactions provide insight into the holdings of a key executive, which may influence investor sentiment.
- Management: The filing confirms the continued significant beneficial ownership of the Chairman and CEO.
Key Dates
| Date | Description |
|---|---|
| 04/06/2026 | Date of earliest transaction reported (acquisition and disposal of common stock). |
| 04/08/2026 | Date of signature on the Form 4 filing. |
Keywords
Washington Trust Bancorp, WASH, Form 4, Insider Trading, Beneficial Ownership, Common Stock, Edward O. Handy III, SEC Filing
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