[Form 4] WASHINGTON TRUST BANCORP INC Insider Trading Activity
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.
- 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
- 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.