Washington Trust (WASH) Executive Reports 2,570-Share Acquisition on Form 4
Rhea-AI Filing Summary
James Cannon Brown, listed as Senior Executive Vice President and Chief Commercial Banking Officer of Washington Trust Bancorp, acquired 2,570 shares of the issuer's common stock on 09/15/2025. The transaction is reported on SEC Form 4 as a direct acquisition, showing 2,570 shares owned following the transaction and a reported price of $0. The filing was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Reporting person increased direct ownership by 2,570 shares, aligning executive interests with shareholders
- Transaction disclosed promptly on Form 4 with signature by attorney-in-fact, fulfilling Section 16 reporting
Negative
- None.
Insights
TL;DR: Insider reported a direct acquisition of 2,570 shares, indicating executive ownership alignment with shareholders.
The Form 4 shows a direct acquisition by James Cannon Brown on 09/15/2025 for 2,570 common shares, with ownership reported as 2,570 following the transaction and a reported price of $0. The filing identifies the reporting person as SEVP and Chief Commercial Banking Officer. The signature is by an attorney-in-fact, dated 09/17/2025. This is a routine reporting of insider ownership change and contains no additional context about consideration or vesting in the filing.
TL;DR: Form 4 discloses a single direct acquisition; transaction coding and zero price warrant review for grant versus purchase.
The document records a non-derivative acquisition (code "A") of 2,570 shares on 09/15/2025, with the amount owned after the transaction equal to 2,570 shares and the reported price listed as $0. The form is filed individually for one reporting person. The filing contains no explanatory remarks about the nature of the $0 price (for example, whether shares were granted, gifted, or issued under a plan), so compliance review would reference underlying equity agreements for clarity. Impact is routine disclosure; no material adverse information is present.