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 6.17 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 $1.27M. The average tenure of the management team and the board of directors is 6.3 years and 7 years respectively.
Key information
Ned Handy
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 50.7% |
| CEO tenure | 6.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 6.3yrs |
| Board average tenure | 7yrs |
Recent management updates
Recent updates
Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 25
Reassessing Washington Trust Bancorp
Feb 10Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's
Mar 20Washington Trust Bancorp declares $0.54 dividend
Sep 15Washington Trust Bancorp: Steady Growth, 3.9% Dividend Yield
Aug 19Washington Trust Bancorp GAAP EPS of $1.14 beats by $0.23, revenue of $53.39M misses by $1.13M
Jul 25Washington Trust Bancorp: Mortgage Banking And Provision Normalization To Drag Earnings
Jun 12Washington Trust Bancorp: Earnings Dip Likely Due To Mortgage Revenue Normalization
Mar 27Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54
Mar 21Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?
Mar 02Washington Trust Bancorp: Earnings To Dip Mostly Due To A Decline In Mortgage Refinancing Activity
Jan 05Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54
Dec 21Here's Why We Think Washington Trust Bancorp (NASDAQ:WASH) Is Well Worth Watching
Dec 01Washington Trust Bancorp: Another Conventional Bank With Unconventional Results
Oct 22Washington Trust: Still Stellar Asset And Credit Quality
Jul 28Washington Trust Bancorp: Favorable Operating Environment To Boost Earnings
May 29Here's Why I Think Washington Trust Bancorp (NASDAQ:WASH) Is An Interesting Stock
May 27Some Shareholders May find It Hard To Increase Washington Trust Bancorp, Inc.'s (NASDAQ:WASH) CEO Compensation This Year
Apr 21Update: Washington Trust Bancorp (NASDAQ:WASH) Stock Gained 48% In The Last Year
Mar 09The Attractive Combination That Could Earn Washington Trust Bancorp, Inc. (NASDAQ:WASH) A Place In Your Dividend Portfolio
Feb 02
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 below average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Ned's compensation has been consistent with company performance over the past year.
CEO
Ned Handy (61 yo)
6.2yrs
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 | 6.2yrs | US$1.48m | 0.29% $ 1.3m | |
| President & COO | 1.1yrs | US$1.41m | 0.12% $ 524.6k | |
| Senior EVP | 6.9yrs | US$630.69k | 0.079% $ 342.9k | |
| Executive VP | 26.3yrs | no data | 0.074% $ 321.6k | |
| Executive VP and Chief Marketing & Corporate Communications Officer | no data | no data | no data | |
| Senior EVP | 6.3yrs | no data | 0.13% $ 577.2k | |
| 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% $ 153.2k |
6.3yrs
Average Tenure
58yo
Average Age
Experienced Management: WASH's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8yrs | US$1.48m | 0.29% $ 1.3m | |
| Independent Director | 5.1yrs | US$113.61k | 0.013% $ 56.0k | |
| Independent Director | 41.3yrs | US$76.28k | 0.11% $ 494.8k | |
| Independent Director | 13.1yrs | US$82.28k | 0.063% $ 272.4k | |
| Lead Independent Director | 13.7yrs | US$95.45k | 0.080% $ 344.8k | |
| Director | 14.7yrs | US$86.45k | 0.27% $ 1.2m | |
| Independent Director | 12.1yrs | US$94.45k | 0.023% $ 101.6k | |
| Director | 1.4yrs | US$75.94k | 0.20% $ 872.6k | |
| Independent Director | 3.1yrs | US$102.28k | 0.00068% $ 2.9k | |
| Independent Director | 6.1yrs | US$92.45k | 0.022% $ 95.0k | |
| Independent Director | 4.1yrs | US$72.45k | 0.0050% $ 21.9k | |
| Independent Director | 2.2yrs | US$82.28k | 0.0041% $ 18.0k |
7.0yrs
Average Tenure
65yo
Average Age
Experienced Board: WASH's board of directors are considered experienced (7 years average tenure).