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Insider Buy Cluster Buy Mega Buy ($1M+) New Position April 23, 2026

Brown James Cannon purchased ~$1.1M in Washington Trust Bancorp, Inc. stock

Washington Trust Bancorp, Inc. (WASH)  ·  SEVP, Chief Comm'l Banking Off  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published

= insider buy date

WASH price after insider trade by Brown James Cannon

Insider

Brown James Cannon

Role

SEVP, Chief Comm'l Banking Off

Transaction

Open-Market Purchase

Approx. Value

~$1.1M

Trade Date

Apr 23, 2026

Company

Washington Trust Bancorp, Inc.

Ticker

WASH

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$1.1M purchase

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

SEVP, Chief Comm'l Banking Off

Senior executives have visibility into their division's pipeline and company health. Their trades carry weight because they understand the business from the inside.

3 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

BJ

How good is Brown James Cannon at picking stocks?

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3

Brown James Cannon wasn't the only one buying.

3 insiders at Washington Trust Bancorp, Inc. traded within the same 30-day window.

See who else bought · Free

On April 23, 2026, Brown James Cannon — SEVP, Chief Comm'l Banking Off of Washington Trust Bancorp, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$1.1M in Washington Trust Bancorp, Inc. (WASH) stock.

This transaction was part of a cluster — 3 insiders at Washington Trust Bancorp, Inc. made open-market purchases within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$1.1M
Insider role SEVP, Chief Comm'l Banking Off
Cluster 3 insiders

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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