{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-065589","form_type":"8-K","ticker":"WASH","cik":"0000737468","company_name":"WASHINGTON TRUST BANCORP INC","filed_at":"2024-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.876391+00:00","generated_at":"2026-06-01T08:26:23.162441+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Washington Trust suspends 2024 Annual Performance Plan; adopts new Executive Bonus Plan","bullets":["Committee suspended Annual Performance Plan for 2024; adopted 2024 Executive Bonus Plan for EVPs and above.","Bonus pool funded by net income; maximum payout 150% of target; awards in cash/equity with time-based vesting.","Wealth Management Business Building Incentive Plan updated: Chief WM Officer target $90,000; divisional leaders $65,000.","WM plan weights: New Business 20%, Lost Business 20%, Pre-tax Earnings 30%, Revenue 30%; min 70% threshold per metric.","Both plans subject to clawback policy; payments exempt from Section 409A as short-term deferrals."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-065589","json":"https://secwatch.observer/filing/0001104659-24-065589.json","markdown":"https://secwatch.observer/filing/0001104659-24-065589.md","text":"https://secwatch.observer/filing/0001104659-24-065589.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/737468/000110465924065589/0001104659-24-065589-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/737468/000110465924065589/tm2415674d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T08:26:23.162441+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}