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 6.5 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 €1.41M. The average tenure of the management team and the board of directors is 6.6 years and 4.4 years respectively.
Key information
Ned Handy
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 50.7% |
| CEO tenure | 6.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 6.6yrs |
| Board average tenure | 4.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$46m |
| Mar 31 2024 | n/a | n/a | US$46m |
| Dec 31 2023 | US$1m | US$749k | US$48m |
| Sep 30 2023 | n/a | n/a | US$52m |
| Jun 30 2023 | n/a | n/a | US$59m |
| Mar 31 2023 | n/a | n/a | US$68m |
| Dec 31 2022 | US$2m | US$709k | US$71m |
| Sep 30 2022 | n/a | n/a | US$75m |
| Jun 30 2022 | n/a | n/a | US$75m |
| Mar 31 2022 | n/a | n/a | US$73m |
| Dec 31 2021 | US$2m | US$669k | US$77m |
| Sep 30 2021 | n/a | n/a | US$75m |
| Jun 30 2021 | n/a | n/a | US$75m |
| Mar 31 2021 | n/a | n/a | US$78m |
| Dec 31 2020 | US$2m | US$630k | US$70m |
| Sep 30 2020 | n/a | n/a | US$67m |
| Jun 30 2020 | n/a | n/a | US$67m |
| Mar 31 2020 | n/a | n/a | US$63m |
| Dec 31 2019 | US$2m | US$600k | US$69m |
| Sep 30 2019 | n/a | n/a | US$70m |
| Jun 30 2019 | n/a | n/a | US$69m |
| Mar 31 2019 | n/a | n/a | US$70m |
| Dec 31 2018 | US$2m | US$575k | US$68m |
| Sep 30 2018 | n/a | n/a | US$59m |
| Jun 30 2018 | n/a | n/a | US$55m |
| Mar 31 2018 | n/a | n/a | US$50m |
| Dec 31 2017 | US$940k | US$425k | US$46m |
Compensation vs Market: Ned's total compensation ($USD1.48M) is about average for companies of similar size in the German market ($USD1.30M).
Compensation vs Earnings: Ned's compensation has been consistent with company performance over the past year.
CEO
Ned Handy (62 yo)
6.5yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.5yrs | US$1.48m | 0.29% $ 1.4m | |
| President & COO | 1.4yrs | US$1.41m | 0.12% $ 585.4k | |
| Senior EVP | 7.3yrs | US$630.69k | 0.079% $ 382.6k | |
| Executive VP | 26.7yrs | no data | 0.074% $ 358.9k | |
| Executive VP and Chief Marketing & Corporate Communications Officer | no data | no data | no data | |
| Senior EVP | 6.7yrs | no data | 0.13% $ 644.0k | |
| Senior Vice President of Wealth Management & Commercial Banking | no data | no data | no data | |
| Executive VP & Chief Retail Lending Officer | no data | no data | 0.035% $ 170.9k | |
| Executive VP & Chief Commercial Lending Officer of The Washington Trust Company | 1.4yrs | no data | 0.025% $ 123.1k |
6.6yrs
Average Tenure
59yo
Average Age
Experienced Management: WT1's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.3yrs | US$1.48m | 0.29% $ 1.4m | |
| Independent Director | 5.4yrs | US$113.61k | 0.035% $ 171.9k | |
| Lead Independent Director | 14yrs | US$106.61k | 0.10% $ 501.4k | |
| Independent Director | 12.4yrs | US$104.28k | 0.046% $ 221.3k | |
| Director | 1.8yrs | US$75.94k | 0.22% $ 1.0m | |
| Independent Director | 3.4yrs | US$102.28k | 0.023% $ 111.3k | |
| Independent Director | 6.4yrs | US$106.28k | 0.044% $ 213.9k | |
| Independent Director | 4.4yrs | US$82.28k | 0.027% $ 132.4k | |
| Independent Director | less than a year | no data | 0.0080% $ 38.6k | |
| Independent Director | 2.5yrs | US$82.28k | 0.021% $ 101.9k | |
| Independent Director | less than a year | no data | 0.0086% $ 41.5k |
4.4yrs
Average Tenure
62yo
Average Age
Experienced Board: WT1's board of directors are considered experienced (4.4 years average tenure).