Washington Trust (NASDAQ: WASH) CFO adds 1,606 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WASHINGTON TRUST BANCORP INC Senior Executive Vice President, CFO and Treasurer Ronald S. Ohsberg bought additional company stock in the open market. On this transaction he purchased 1,606 shares of common stock at $31.00 per share, increasing his direct holdings to 29,704.537 shares. A footnote notes that the reported balance also reflects prior dividend reinvestment acquisitions that are exempt from Form 4 reporting under Rule 16a-11, indicating part of his position has grown through automatic reinvestment of dividends rather than separate reported trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,606 shares ($49,786)
Net Buy
1 txn
Insider
Ohsberg Ronald S.
Role
SEVP, CFO and Treasurer
Bought
1,606 shs ($50K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,606 | $31.00 | $50K |
Holdings After Transaction:
Common Stock — 29,704.537 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 1,606 shares
Purchase price: $31.00 per share
Holdings after transaction: 29,704.537 shares
+1 more
4 metrics
Shares purchased
1,606 shares
Open-market purchase of common stock
Purchase price
$31.00 per share
Price paid for WASH common stock
Holdings after transaction
29,704.537 shares
Directly held WASH common stock after the buy
Net buy direction
1,606 net shares bought
transactionSummary net-buy indicator
Key Terms
open-market purchase, Rule 16a-11, dividend reinvestments
3 terms
open-market purchase financial
"transaction_action: "open-market purchase" for 1,606 common shares"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Rule 16a-11 regulatory
"dividend reinvestments exempt from Form 4 reporting under Rule 16a-11"
dividend reinvestments financial
"Balance reflects acquisitions pursuant to dividend reinvestments exempt from Form 4 reporting"
FAQ
What insider transaction did WASHINGTON TRUST BANCORP (WASH) report for Ronald S. Ohsberg?
WASHINGTON TRUST BANCORP reported that Ronald S. Ohsberg, its SEVP, CFO and Treasurer, bought 1,606 shares of common stock in an open-market purchase at $31.00 per share, increasing his directly held stake in the company.
Was the WASH insider transaction a buy or a sell for Ronald S. Ohsberg?
The reported WASHINGTON TRUST BANCORP insider transaction was a buy. Ronald S. Ohsberg executed an open-market purchase of 1,606 common shares, classified under transaction code “P,” which denotes a purchase in an open market or private transaction.
What does the dividend reinvestment footnote mean in the WASH Form 4 filing?
The footnote explains that part of Ronald S. Ohsberg’s reported share balance comes from dividend reinvestments exempt from Form 4 reporting under Rule 16a-11. Those automatic reinvestment acquisitions are not individually reported as transactions but are included in his total holdings.
Who is the insider involved in the latest WASH Form 4 and what is his role?
The insider is Ronald S. Ohsberg, who serves as Senior Executive Vice President, Chief Financial Officer and Treasurer of WASHINGTON TRUST BANCORP INC. He is both a top financial executive and the reporting person for this open-market stock purchase.