Gencarella Joseph P. 4

What Happened

• Joseph P. Gencarella, a director of Washington Trust Bancorp, was reported to have acquired 1,260 shares on 2026-04-28 as an award/grant (transaction code A). The filing shows an acquisition price of $0.00 per share (total $0 reported), which indicates the shares were issued as an award rather than a market purchase.

Key Details

• Transaction date: 2026-04-28
• Transaction type/code: Award/Grant (A)
• Shares acquired: 1,260 at $0.00 per share (total $0 reported)
• Filing date: 2026-04-30 (appears timely; Form 4 is typically due within two business days)
• Shares owned after transaction: Not specified in the provided excerpt of the filing
• Relevant footnotes:
  • F1/F2: Some balances reflect dividend reinvestments exempt from Form 4 reporting under Rule 16a-11.
  • F3: Certain shares are held by MidwayFour, LLC, of which Mr. Gencarella is a member; he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.

Context

• An award/grant reported at $0 typically reflects stock issued as compensation or under a director plan (not an open‑market purchase). Such grants do not necessarily signal insider buying interest in the market. Dividend reinvestments noted in the footnotes are exempt transactions that can change reported balances without triggering Form 4 reporting. The LLC disclosure indicates some holdings are held through an entity and Mr. Gencarella limits his claimed beneficial ownership accordingly.