Washington Trust (NASDAQ: WASH) EVP uses 735 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WASHINGTON TRUST BANCORP INC executive Lora A. Rolando reported a routine tax-related share disposition. On April 24, 2026, 735 shares of Common Stock were used to cover tax obligations at a price of $30.81 per share. After this tax-withholding transaction, Rolando directly holds 12,177 shares of Washington Trust Bancorp common stock. The filing does not show any open-market buying or selling, only shares withheld to satisfy taxes tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lora Rolando A
Role
EVP Ch Ret Len Off Dir Com Len
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 735 | $30.81 | $23K |
Holdings After Transaction:
Common Stock — 12,177 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 735 shares
Tax withholding price: $30.81 per share
Shares held after transaction: 12,177 shares
3 metrics
Shares used for tax withholding
735 shares
Common Stock, transaction code F on April 24, 2026
Tax withholding price
$30.81 per share
Price applied to 735 shares delivered for tax liability
Shares held after transaction
12,177 shares
Direct ownership of Common Stock following the Form 4 event
Key Terms
tax-withholding disposition, Common Stock, Form 4
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did WASH executive Lora Rolando report?
Lora A. Rolando reported a tax-withholding disposition of WASHINGTON TRUST BANCORP INC common stock. On April 24, 2026, 735 shares were withheld to cover tax obligations related to equity compensation, rather than sold in the open market.
What does transaction code F mean in the WASH Form 4?
In this Form 4, transaction code F indicates payment of a tax liability by delivering securities. For WASHINGTON TRUST BANCORP INC, 735 shares of common stock were withheld at $30.81 per share to satisfy Rolando’s tax obligations on equity awards.