Handy Edward O. III 4

What Happened
Edward O. Handy III, Chairman, CEO and a director of Washington Trust Bancorp (WASH), was granted/received 6,848 shares on 2026-04-06 (reported as an award/acquisition, code A). On the same date 3,104 of those shares were surrendered/disposed to cover tax withholding obligations at $34.16 per share, producing proceeds of $106,033 (code F). Net to Handy after the withholding he retained 3,744 shares from this award.

Key Details

• Transaction date: 2026-04-06; Form 4 filed: 2026-04-08 (timely filing).
• Award/acquisition: 6,848 shares reported at $0.00 (code A).
• Tax withholding/disposition: 3,104 shares sold/withheld at $34.16 each, total $106,033 (code F).
• Net shares retained from the award: 3,744 shares (6,848 − 3,104).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: the 3,104-share disposition was to satisfy tax withholding—common for equity awards and not an open-market sell.

Context
This was an equity award with shares withheld to cover taxes (a routine administrative action). Such tax-withholding dispositions do not necessarily signal a change in the insider’s view of the company; they simply satisfy tax obligations triggered by vesting or delivery of award shares.