GORMLEY DEBRA A. (EVP & Chief Retail Banking Off) exercised options at WASHINGTON TRUST BANCORP INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

GORMLEY DEBRA A.

Filed: 2/2/2021ACC: 0000737468-21-000011

InsiderGORMLEY DEBRA A.CIK 1577608

→

IssuerWASHINGTON TRUST BANCORP INCCIK 737468

Officer· EVP & Chief Retail Banking Off

Since Apr 2019

-1.85K

Net shares

Net seller

$80.7K

Total sold

Open market trades

0B · 0S

Total transactions

2.50K acquired · 4.35K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+2.50K

Price / share

$21.71

Trade value

$54.27K

% of position

35.7%

2/1/2021

6.99K→9.49K

Common Stock

Direct

F · Tax Withholding

−1.85K

Price / share

$43.58

Trade value

$80.67K

% of position

19.5%

2/1/2021

9.49K→7.64K

Total

Net shares

+649.00

Net value

-$26.39K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/1/2021	M · Option Exercise	+2.50K	$21.71	$54.27K	35.7%	6.99K	9.49K
Common Stock Direct	2/1/2021	F · Tax Withholding	−1.85K	$43.58	$80.67K	19.5%	9.49K	7.64K
Total			+649.00		-$26.39K

Derivative Transactions1

Stock Options (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

2.50K shares

−2.50K

Strike price

21.71

Held after

0.00

Exercisable

—

2/1/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options (Right to Buy) Direct	Common Stock2.50K shares	2/1/2021	M · Option Exercise	−2.50K	21.71	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Stock Options (Right to Buy)

Direct

Underlying security

Common Stock

Underlying shares

2.20K

Shares owned

2.20K

Exercise price

32.77

Expiration

—

Exercise window

—

Stock Options (Right to Buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

23.27

Expiration

—

Exercise window

—

Stock Options (Right to Buy)

Direct

Underlying security

Common Stock

Underlying shares

950.00

Shares owned

950.00

Exercise price

32.74

Expiration

—

Exercise window

—

Total

Underlying

7.15K

Owned

7.15K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options (Right to Buy) Direct	Common Stock	32.77	—	—	2.20K	2.20K
Stock Options (Right to Buy) Direct	Common Stock	23.27	—	—	4K	4K
Stock Options (Right to Buy) Direct	Common Stock	32.74	—	—	950.00	950.00
Total					7.15K	7.15K