In 2023, Edward O. Handy III earned $1.46M in total compensation at Washington Trust Bancorp, including $749.23K salary, $112.39K bonus and $477.76K in stock. 7+ years at the helm of Washington Trust Bancorp.
Compensation History
Annual executive compensation data for Edward O. Handy III, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.46M
Salary
$749.23K
Bonus
$112.39K
Other
$119.82K
Salary
$749.23KBoard Justification
The compensation philosophy emphasizes pay for performance, aligning executive compensation with the Corporation's performance and shareholder interests, while ensuring competitive compensation to attract and retain talent.
Bonus
$112.39KBoard Justification
Based on individual performance results, Mr. Handy received a bonus payment of $112,385, which is 30% of the target for the Annual Performance Plan.
Other Compensation
$119.82KBoard Justification
Other compensation includes life and disability insurance premiums, cash in lieu of benefits, employer contributions to the 401(k) plan, and other perquisites.
Restricted Stock
Board Justification
Mr. Handy's stock awards that vested in 2023 were based on performance share units granted in prior years, with a total of 12,623 shares vested during the year.
Performance Metrics
The performance metrics for determining Mr. Handy's compensation included net income, fully diluted earnings per share (EPS), and return on equity (ROE).
Edward O. Handy III
CEO of Washington Trust Bancorp
Education
Bachelor's degree from the University of Rhode Island.
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1959 - 66 years ago
CEO of Washington Trust Bancorp for
7 years 9 months (Mar 2018 - Present)
Previous Experience
President of Citizens Bank, Rhode Island and Connecticut; Executive Vice President, Head of Commercial Real Estate at Citizens Financial Group.
Other Washington Trust Bancorp CEOs
Holdings
Track Edward O. Handy III's stock holdings and portfolio value over time.
Insider Trading
Edward O. Handy III's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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Bonus
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2023 Compensation
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$61.82K
Salary
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2023 Compensation
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$65.89K
Salary
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Bonus
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George M. Pereira
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2022 Compensation
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Bonus
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Other
$0.00
Total Holdings
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