---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-026655"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T09:27:47.474534+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-026655
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000110465925026655/0001104659-25-026655-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000110465925026655/tm259926d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-026655
- JSON: https://secwatch.observer/filing/0001104659-25-026655.json
- Plain text: https://secwatch.observer/filing/0001104659-25-026655.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.