Washington Trust Bancorp (WASH) Proxy filing summary

Executive summary

• Supplement updates the 2026 proxy statement for the annual meeting scheduled on April 28, 2026.

• Main focus is a revised amendment to the 2022 Long Term Incentive Plan, reducing the proposed share increase from 675,000 to 500,000.

• If approved, the plan will authorize up to 1,100,000 shares for issuance.

• The supplement provides updated data on outstanding equity awards and shares available as of March 31, 2026.

• Shareholders are advised that previously submitted proxies remain valid unless changed.

Voting matters and shareholder proposals

• Proposal 3 seeks approval to amend the 2022 Long Term Incentive Plan, with the revised share increase.

• Board unanimously recommends voting in favor of Proposal 3 as amended.

• Shareholders can change or revoke their proxy votes before the meeting.

Board of directors and corporate governance

• Board determined the revised amendment is in the best interest of the corporation.

• Amendment becomes effective upon shareholder approval.