Wray William K. Sr. 4

What Happened William K. Wray Sr., Senior Executive Vice President and Chief Risk Officer of Washington Trust Bancorp (WASH), was granted 2,710 shares on 2026-01-22 (award, code A) at $0.00 per share. On 2026-01-23, 65 of those shares were surrendered/withheld to cover tax liability (code F) at $30.17 per share, a value of approximately $1,961. Net of the withholding, Wray received a net increase of 2,645 shares. This was an equity award (not an open-market purchase or investment signal); the withholding is a routine tax-related disposition.

Key Details

• Transactions and prices:
  • 2026-01-22: Award of 2,710 shares @ $0.00 (acquired)
  • 2026-01-23: Tax withholding of 65 shares @ $30.17 = $1,961 (disposed)
• Net change: +2,645 shares (2,710 granted − 65 withheld)
• Shares owned after transaction: not specified in the supplied filing data
• Notable footnote: code F indicates shares were surrendered/withheld to satisfy tax withholding obligations
• Filing timeliness: Form 4 filed 2026-01-26; filing date is within the usual two-business-day reporting window for these transactions

Context

• The primary event was an equity award (likely restricted stock or RSUs vesting); the small share surrender was solely to cover taxes and is a routine administrative action, not an open-market sale. Such awards are common as part of executive compensation and do not by themselves indicate a buy/sell signal.