Washington Trust exec gets stock grant, withholds for tax

Washington Trust Bancorp Inc. senior executive William K. Wray Sr., SEVP and Chief Risk Officer, received a grant of 2,240 shares of Common Stock on 2026-04-06 at no cost.

Rhea-AI Filing Summary

Washington Trust Bancorp Inc. senior executive William K. Wray Sr., SEVP and Chief Risk Officer, received a grant of 2,240 shares of Common Stock on 2026-04-06 at no cost. On the same date, 1,015 shares were disposed of at $34.16 per share to cover tax obligations. Following these transactions, he directly holds 18,144 shares, and there are indirect holdings of 877 shares in each of two revocable trusts.

Insights

Banking equity compensation analyst

Compensation share grant with partial tax withholding; no open-market trading.

Executive William K. Wray Sr. received 2,240 Common Stock shares as a grant, award, or other acquisition, a standard form of equity compensation that does not involve cash outlay. This increased his direct stake in Washington Trust Bancorp Inc..

To cover tax liabilities, 1,015 shares were used in a tax-withholding disposition at $34.16 per share, which is not an open-market sale and carries limited signaling value. After these entries, he holds 18,144 shares directly plus indirect stakes through two revocable trusts, suggesting the activity is largely administrative rather than a change in investment stance.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Wray William K. Sr.

Role SEVP and Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,240	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,015	$34.16	$35K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 18,144 shares (Direct); Common Stock — 877 shares (Indirect, Nancy H Wray Rev Trust 2008 U/A 12/15/08); Common Stock — 877 shares (Indirect, William K Wray Sr Revoc Tru 08 U/A 12/15/08)

Key Figures

Share grant: 2,240 shares Tax-withholding shares: 1,015 shares Tax-withholding price: $34.16 per share +3 more

6 metrics

Share grant 2,240 shares Common Stock award to SEVP and Chief Risk Officer on 2026-04-06

Tax-withholding shares 1,015 shares Disposed to satisfy tax liability at $34.16 per share

Tax-withholding price $34.16 per share Price applied to 1,015 shares used for tax withholding

Direct holdings after transactions 18,144 shares Common Stock directly owned following grant and tax withholding

Indirect trust holding (Nancy H Wray Trust) 877 shares Common Stock held indirectly via Nancy H Wray Rev Trust 2008

Indirect trust holding (William K Wray Sr Trust) 877 shares Common Stock held indirectly via William K Wray Sr Revoc Tru 08

Key Terms

grant, award, or other acquisition, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, indirect

4 terms

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 1,015 shares"

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""

indirect financial

"ownership_type: "indirect" for revocable trust holdings"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Washington Trust Bancorp (WASH) executive William K. Wray Sr. report in this Form 4?

He reported receiving a grant of 2,240 shares of Common Stock and a related tax-withholding disposition of 1,015 shares at $34.16 per share, leaving him with 18,144 directly held shares plus indirect trust holdings.

How many Washington Trust Bancorp (WASH) shares did William K. Wray Sr. receive as a grant?

He received 2,240 shares of Common Stock as a grant, award, or other acquisition at no purchase price. This equity compensation increased his direct ownership before any shares were used later to satisfy tax obligations tied to the grant.

What is the 1,015-share tax-withholding disposition reported for WASH in this filing?

The filing shows 1,015 shares of Common Stock disposed of at $34.16 per share as a tax-withholding transaction. This means shares were delivered to satisfy tax liabilities, not sold in an open-market trade, reducing his net shares from the original award.

How many Washington Trust Bancorp (WASH) shares does William K. Wray Sr. hold after these transactions?

After the reported transactions, he directly holds 18,144 shares of Common Stock. The report also lists indirect ownership of 877 shares in each of two revocable trusts, reflecting additional exposure held through those named trust entities.

What indirect ownership interests in WASH are disclosed for William K. Wray Sr.?

The Form 4 shows 877 Common Stock shares held indirectly in the “Nancy H Wray Rev Trust 2008 U/A 12/15/08” and 877 shares in the “William K Wray Sr Revoc Tru 08 U/A 12/15/08,” indicating trust-based holdings associated with the executive.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/08/2026 - 04:43 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wray William K. Sr.

(Last) (First) (Middle)

68 FRIENDSHIP STREET

(Street)

EAST GREENWICH RHODE ISLAND 02818

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WASHINGTON TRUST BANCORP INC [ WASH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP and Chief Risk Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/06/2026		A		2,240	A	$0	19,159	D
Common Stock	04/06/2026		F		1,015	D	$34.16	18,144	D
Common Stock								877	I	Nancy H Wray Rev Trust 2008 U/A 12/15/08
Common Stock								877	I	William K Wray Sr Revoc Tru 08 U/A 12/15/08

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/Kristen L. DiSanto, Attorney-in-Fact	04/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)