Washington Trust (NASDAQ: WASH) director granted 1,260 common shares at no cost
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WASHINGTON TRUST BANCORP INC director Sandra Parrillo reported receiving a grant of 1,260 shares of Common Stock on April 28, 2026. The shares were acquired at $0.00 per share as a compensation-related award, not an open-market purchase.
After this award, Parrillo directly holds 7,400.062 shares of Washington Trust Bancorp common stock. A footnote explains that this balance also reflects prior acquisitions through dividend reinvestments that are exempt from Form 4 reporting under Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parrillo Sandra
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,260 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,400.062 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,260 shares
Grant price: $0.00 per share
Shares held after: 7,400.062 shares
3 metrics
Shares granted
1,260 shares
Common Stock award on April 28, 2026
Grant price
$0.00 per share
Compensation-related stock award, not open-market purchase
Shares held after
7,400.062 shares
Director’s direct Common Stock holdings after the transaction
Key Terms
Form 4, Rule 16a-11, dividend reinvestments
3 terms
Form 4 regulatory
"Balance reflects acquisitions pursuant to dividend reinvestments exempt from Form 4 reporting under Rule 16a-11"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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 did WASHINGTON TRUST BANCORP INC (WASH) director Sandra Parrillo report on this Form 4?
Director Sandra Parrillo reported receiving a grant of 1,260 shares of Common Stock on April 28, 2026. The award was recorded at $0.00 per share, indicating a compensation-related share grant rather than an open-market stock purchase.
Was the WASHINGTON TRUST BANCORP INC (WASH) Form 4 transaction a market purchase or sale?
The Form 4 transaction is a grant or award acquisition, not a market purchase or sale. Parrillo received 1,260 shares at $0.00 per share, which indicates a compensation-related award instead of buying or selling shares on the open market.
What does the Rule 16a-11 footnote mean in the WASHINGTON TRUST BANCORP INC (WASH) Form 4?
The footnote states that Parrillo’s balance reflects acquisitions from dividend reinvestments exempt from Form 4 reporting under Rule 16a-11. This means some shares were automatically reinvested dividends and did not require separate Form 4 transaction entries.