WASH CEO granted 6,848 Washington Trust shares
Washington Trust Bancorp Chairman and CEO Edward O. Handy III reported routine equity compensation in the form of company Common Stock.
Rhea-AI Filing Summary
Washington Trust Bancorp Chairman and CEO Edward O. Handy III reported routine equity compensation in the form of company Common Stock. On April 6, 2026, he received a grant of 6,848 shares at no cost, classified as a grant or award acquisition.
To cover tax obligations, 3,104 shares were disposed of at $34.16 per share through a tax-withholding transaction, rather than an open-market sale. Following these entries, Handy directly owns 48,247 shares, and also has indirect holdings of 32,427.889 shares in the Edward O. Handy III Living Trust and 1,599.019 shares in the Mary C. Handy Revocable Living Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Handy Edward O. III
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,848 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,104 | $34.16 | $106K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 48,247 shares (Direct);
Common Stock — 32,427.889 shares (Indirect, Edward O. Handy III Living Trust Dated 7/28/2003);
Common Stock — 1,599.019 shares (Indirect, Mary C. Handy Revocable Living Trust)
Key Figures
Stock grant: 6,848 shares
Tax-withholding shares: 3,104 shares
Price for tax withholding: $34.16 per share
+3 more
6 metrics
Stock grant
6,848 shares
Common Stock award on April 6, 2026
Tax-withholding shares
3,104 shares
Disposed at $34.16 per share for tax liability
Price for tax withholding
$34.16 per share
Value used for 3,104-share tax-withholding disposition
Direct holdings after transactions
48,247 shares
Common Stock directly owned following April 6, 2026 entries
Handy Living Trust holdings
32,427.889 shares
Indirect Common Stock via Edward O. Handy III Living Trust
Mary C. Handy Trust holdings
1,599.019 shares
Indirect Common Stock via Mary C. Handy Revocable Living Trust
Key Terms
Grant, award, or other acquisition, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Stock, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
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.
indirect ownership financial
"ownership_type: indirect"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Edward O. Handy III report for WASH?
Edward O. Handy III reported a stock-based compensation event involving Washington Trust Bancorp Common Stock. He received a grant of 6,848 shares and had 3,104 shares withheld to satisfy tax obligations, resulting in an increase in his direct ownership position.
What indirect WASH holdings are reported for trusts associated with Handy?
The filing shows indirect Washington Trust Bancorp ownership through two trusts. The Edward O. Handy III Living Trust holds 32,427.889 shares, and the Mary C. Handy Revocable Living Trust holds 1,599.019 shares, both reported as indirect Common Stock ownership positions.
Does the WASH Form 4 show any open-market buying or selling by the CEO?
The Form 4 does not show open-market buying or selling. It reports a stock grant of 6,848 shares and a 3,104-share tax-withholding disposition at $34.16 per share, both routine compensation-related entries rather than discretionary market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
