Washington Trust Bancorp reinstates Annual Performance Plan with PPNR and ROAA metrics

WASHINGTON TRUST BANCORP INC

Committee approved plan replacing 2024 Executive Bonus Plan, effective March 18, 2025.
Corporate metrics: Pre-tax Pre-Provision Net Revenue and Return on Average Assets, equally weighted.
Target incentive levels vary by position; maximum payout 150% of target.
Individual performance component allows 0%-150% payout based on job performance.
Plan is performance-based under 2022 Long Term Incentive Plan, exempt from Section 409A.

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