Banking
Washington Trust Bancorp Executive Compensation (FY25)
WASH · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 1, 2026
231 figures on this page: 220 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Edward O. Handy III: $1,706,254 → $1,864,227 (9.3% higher)
Say-on-pay support: 93.5% → 94.9% (1.4 points higher)
Frequently asked questions
Answers drawn from the data on this page.
What was Washington Trust Bancorp's say-on-pay result?
The say-on-pay proposal drew 94.9% of votes cast including abstentions in favor at the meeting held April 28, 2026 for fiscal 2025.
Which companies are in Washington Trust Bancorp's peer group?
Companies named in the disclosed peer group include Arrow Financial Corporation, Berkshire Hills Bancorp, Brookline Bancorp, Inc., Camden National Corporation and CNB Financial Corporation, among others.
What is Washington Trust Bancorp's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 18.6:1, against median employee compensation of $91,949.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Edward Handy III Chairman and Chief Executive Officer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mary Noons President and Chief Operating Officer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Kathleen Ryan Executive Vice President and Chief Wealth Management Officer of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ronald Ohsberg Senior Executive Vice President, Chief Financial Officer and Treasurer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Edward Handy III Chairman and Chief Executive Officer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mary Noons President and Chief Operating Officer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Kathleen Ryan Executive Vice President and Chief Wealth Management Officer of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ronald Ohsberg Senior Executive Vice President, Chief Financial Officer and Treasurer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
William Wray Sr. Senior Executive Vice President and Chief Risk Officer of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Edward O. Handy III Chairman and Chief Executive Officer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mary E. Noons President and Chief Operating Officer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Kathleen Ryan Executive Vice President and Chief Wealth Management Officer of the Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ronald S. Ohsberg Senior Executive Vice President, Chief Financial Officer and Treasurer of the Corporation and Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Rolando A. Lora Executive Vice President, Chief Retail Lending Officer and Director of Community Lending | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Edward Handy III | PSU | — | — | — | — | — | — | ◇ |
| Kathleen Ryan | PSU | — | — | — | — | — | — | ◇ |
| Mary Noons | PSU | — | — | — | — | — | — | ◇ |
| Rolando Lora | PSU | — | — | — | — | — | — | ◇ |
| Ronald Ohsberg | PSU | — | — | — | — | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Ronald S. Ohsberg | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Kathleen Ryan | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Rolando A. Lora | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Edward O. Handy | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Mary E. Noons | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Edward Handy | RSU | ◇ | ◇ | — | — |
| Mary Noons | RSU | ◇ | ◇ | — | — |
| Ronald Ohsberg | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Kathleen Ryan
Executive Vice President and Chief Wealth Management Officer of the Bank · Change-in-control agreement · citing a 2026 filing
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Excise tax treatment | ◇ |
| Clawback | ◇ |
Edward O. Handy III
Chief Executive Officer · Change-in-control agreement · citing a 2026 filing
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Clawback | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
John T. Ruggieri | ◇ | ◇ | — | — | — | — | ◇ |
Constance A. Howes, Esq | ◇ | ◇ | — | — | — | — | ◇ |
Robert A. DiMuccio, CPA | ◇ | ◇ | — | — | — | — | ◇ |
Edwin J. Santos Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Lisa M. Stanton | ◇ | ◇ | — | — | — | — | ◇ |
Mark K.W. Gim | ◇ | ◇ | — | — | — | — | ◇ |
Joseph P. Gencarella, CPA | ◇ | ◇ | — | — | — | — | ◇ |
Debra M. Paul | ◇ | ◇ | — | — | — | — | ◇ |
Angel Taveras, Esq | ◇ | ◇ | — | — | — | — | ◇ |
Sandra Glaser Parrillo | ◇ | ◇ | — | — | — | — | ◇ |
Edward O. Handy III served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Arrow Financial Corporation AROW
- Berkshire Hills Bancorp BBT
- Brookline Bancorp, Inc. BRKL
- Camden National Corporation CAC
- CNB Financial Corporation CCNE
- Enterprise Bancorp, Inc. EBTC
- Financial Institutions, Inc. FISI
- First Commonwealth Financial Corp. FCF
- Mid Penn Bancorp, Inc. MPB
- NBT Bancorp Inc. NBTB
- OceanFirst Financial Corp. OCFC
- Peapack-Gladstone Financial Corp. PGC
- S & T Bancorp, Inc. STBA
- Sandy Spring Bancorp, Inc. SASR
- The First of Long Island Corporation FLIC
- Tompkins Financial Corporation TMP
- TrustCo Bank Corp NY TRST
- Univest Financial Corporation UVSP
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 28, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 22, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 23, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 25, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 26, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 27, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 28, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 23, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 24, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 25, 2017 | = | ◇ | ◇ | ◇ |
| 2014 | May 10, 2015 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Washington Trust Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Washington Trust Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
231 figures on this page: 220 cited to the filing that reported them, 11 calculated from figures it prints.
220 cited to the filing
11 calculated from the filing
Documents cited
- 0000737468-26-000096
- 0000737468-26-000040CEO Pay Ratio · Director Compensation · Director Compensation Table · Employment Agreement · and 4 more sections
- 0000737468-25-000021
- 0000737468-25-000015Summary Compensation Table
- 0000737468-24-000025Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-24-000017Summary Compensation Table
- 0000737468-23-000020Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-22-000050
- 0000737468-21-000055Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-20-000070Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-19-000047Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-18-000070Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-17-000067Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-16-000233Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000737468-26-000034
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Washington Trust Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/WASH (accessed 2026).
Short form: data: Velarion
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Peers Washington Trust Bancorp discloses
The companies named in WASH's own disclosed peer group.
Arrow Financial CorporationBerkshire Hills BancorpCamden National CorporationCNB Financial CorporationFinancial Institutions, Inc.First Commonwealth Financial Corp.Mid Penn Bancorp, Inc.NBT Bancorp Inc.OceanFirst Financial Corp.Peapack-Gladstone Financial Corp.S & T Bancorp, Inc.Tompkins Financial CorporationTrustCo Bank Corp NYUnivest Financial Corporation
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}