Janes Maria N 4

What Happened
Maria N. Janes, EVP, CAO and Controller of Washington Trust Bancorp, was granted 1,850 shares as an award on 2026-01-22 (reported on Form 4). On 2026-01-23, 44 of those shares were surrendered to cover tax liability at a reported value of $30.17 per share, totaling $1,327. The award was recorded at $0.00 per share (compensation grant), and the withholding reduced the net shares delivered to Janes to 1,806 (1,850 grant − 44 withheld). This is a compensation award and tax withholding event, not an open-market purchase or sale.

Key Details

• Transaction types/codes: A = Award/grant (1,850 shares @ $0.00); F = Payment of tax liability (44 shares @ $30.17, $1,327 total).
• Transaction dates: Award on 2026-01-22; tax withholding on 2026-01-23.
• Net shares retained from this award: 1,806 shares (1,850 − 44). The filing does not disclose total shares owned by Janes after the transactions.
• Filing: Form filed 2026-01-26 covering transactions on 2026-01-22/23; timing appears within the usual two-business-day Section 16 reporting window.
• Notable: The 44-share disposition was to satisfy tax withholding obligations, not an open-market sale.

Context
Awards like this are typically restricted stock or RSU-based compensation. Withholding shares to pay taxes (code F) is a common administrative step and does not necessarily indicate a trading decision. Because this was a grant plus tax withholding, it should be read as routine insider compensation reporting rather than a buy/sell signal.