Washington Trust Bancorp, Inc.

DB:WT1 Stock Report

Market Cap: €598.9m

Washington Trust Bancorp Management

Management criteria checks 4/4

Washington Trust Bancorp's CEO is Ned Handy, appointed in Mar 2018, has a tenure of 6.67 years. total yearly compensation is $1.48M, comprised of 50.7% salary and 49.3% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth €1.76M. The average tenure of the management team and the board of directors is 6.7 years and 4.6 years respectively.

Key information

Ned Handy

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage50.7%
CEO tenure6.7yrs
CEO ownership0.3%
Management average tenure6.7yrs
Board average tenure4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ned Handy's remuneration changed compared to Washington Trust Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$46m

Jun 30 2024n/an/a

US$46m

Mar 31 2024n/an/a

US$46m

Dec 31 2023US$1mUS$749k

US$48m

Sep 30 2023n/an/a

US$52m

Jun 30 2023n/an/a

US$59m

Mar 31 2023n/an/a

US$68m

Dec 31 2022US$2mUS$709k

US$71m

Sep 30 2022n/an/a

US$75m

Jun 30 2022n/an/a

US$75m

Mar 31 2022n/an/a

US$73m

Dec 31 2021US$2mUS$669k

US$77m

Sep 30 2021n/an/a

US$75m

Jun 30 2021n/an/a

US$75m

Mar 31 2021n/an/a

US$78m

Dec 31 2020US$2mUS$630k

US$70m

Sep 30 2020n/an/a

US$67m

Jun 30 2020n/an/a

US$67m

Mar 31 2020n/an/a

US$63m

Dec 31 2019US$2mUS$600k

US$69m

Sep 30 2019n/an/a

US$70m

Jun 30 2019n/an/a

US$69m

Mar 31 2019n/an/a

US$70m

Dec 31 2018US$2mUS$575k

US$68m

Sep 30 2018n/an/a

US$59m

Jun 30 2018n/an/a

US$55m

Mar 31 2018n/an/a

US$50m

Dec 31 2017US$940kUS$425k

US$46m

Compensation vs Market: Ned's total compensation ($USD1.48M) is about average for companies of similar size in the German market ($USD1.48M).

Compensation vs Earnings: Ned's compensation has been consistent with company performance over the past year.


CEO

Ned Handy (62 yo)

6.7yrs

Tenure

US$1,476,768

Compensation

Mr. Edward Otis Handy, III, also known as Ned, has been the Chairman and Chief Executive Officer of Washington Trust Bancorp, Inc. and its subsidiary, The Washington Trust Company of Westerly since March 2...


Leadership Team

NamePositionTenureCompensationOwnership
Edward Handy
Chairman & CEO6.7yrsUS$1.48m0.29%
€ 1.7m
Mary Noons
President & COO1.6yrsUS$1.41m0.12%
€ 723.3k
Ronald Ohsberg
Senior EVP7.4yrsUS$630.69k0.079%
€ 472.7k
Maria Janes
Executive VP26.8yrsno data0.074%
€ 443.4k
Elizabeth Eckel
Executive VP and Chief Marketing & Corporate Communications Officerno datano datano data
Kristen DiSanto
Senior EVP6.8yrsno data0.13%
€ 795.7k
Joseph Confessore
Senior Vice President of Wealth Management & Commercial Bankingno datano datano data
Rolando Lora
Executive VP & Chief Retail Lending Officerno datano data0.035%
€ 211.1k
Anthony Botelho
Executive VP & Chief Commercial Lending Officer of The Washington Trust Company1.6yrsno data0.024%
€ 141.2k
Michelle Kile
Executive VP & Chief Retail Banking Officerno datano data0.011%
€ 66.5k

6.7yrs

Average Tenure

59yo

Average Age

Experienced Management: WT1's management team is seasoned and experienced (6.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Handy
Chairman & CEO8.5yrsUS$1.48m0.29%
€ 1.7m
John Ruggieri
Independent Director5.6yrsUS$113.61k0.035%
€ 212.3k
Robert DiMuccio
Lead Independent Director14.2yrsUS$106.61k0.10%
€ 619.5k
Edwin Santos
Independent Director12.6yrsUS$104.28k0.046%
€ 273.4k
Mark Kenyon Gim
Director1.9yrsUS$75.94k0.22%
€ 1.3m
Lisa Stanton
Independent Director3.6yrsUS$102.28k0.023%
€ 137.6k
Constance Howes
Independent Director6.6yrsUS$106.28k0.044%
€ 264.3k
Sandra Parrillo
Independent Director4.6yrsUS$82.28k0.027%
€ 163.6k
Deborah Paul
Independent Directorless than a yearno data0.0080%
€ 47.7k
Joseph Gencarella
Independent Director2.7yrsUS$82.28k0.021%
€ 126.0k
Angel Taveras
Independent Directorless than a yearno data0.0086%
€ 51.3k

4.6yrs

Average Tenure

62yo

Average Age

Experienced Board: WT1's board of directors are considered experienced (4.6 years average tenure).