ALGIERE DENNIS L 4
Research Summary
AI-generated summary
Washington Trust (WASH) EVP Dennis Algiere Receives Award
What Happened Dennis L. Algiere, EVP (Ch Comp Off/Dir Com Affair) of Washington Trust Bancorp (WASH), received an award of 1,850 shares on 2026-01-22 (acquired at $0 as reported). To cover tax withholding related to the award, 39 shares were surrendered on 2026-01-23 at $30.17 per share, totaling $1,177. Using the $30.17 price as a reference, the award’s implied market value is roughly $55.8K (approximate).
Key Details
- Award (code A): 1,850 shares acquired on 2026-01-22 at $0.00 acquisition price (typical for RSUs or restricted stock grants).
- Tax withholding (code F): 39 shares withheld/disposed on 2026-01-23 at $30.17 each, total $1,177.
- Filing: Form 4 filed 2026-01-26 covering transactions dated 2026-01-22 and 2026-01-23; filing appears timely within the SEC two-business-day window.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- No 10b5-1 plan or other special instructions were noted in the provided data.
Context This was a compensation award, not an open-market purchase or a discretionary sale. The withholding of 39 shares to cover taxes is a routine administrative step (a cashless settlement/withholding) and does not by itself indicate insider sentiment about the stock. For full holdings and any additional footnotes, consult the complete Form 4 on the SEC EDGAR system.