WABC executive exercises 10,200 stock options
WESTAMERICA BANCORPORATION executive Robert James Baker Jr., SVP and Banking Division Manager, reported an option exercise involving company stock.
Rhea-AI Filing Summary
WESTAMERICA BANCORPORATION executive Robert James Baker Jr., SVP and Banking Division Manager, reported an option exercise involving company stock. He exercised 10,200 non-qualified stock options, each with an exercise price of $49.70 per share, converting derivative rights into common stock.
After this activity, he held 3,729.514 shares of common stock indirectly through an ESOP and no common shares directly. He also retained 5,100 non-qualified stock options following the transaction, which continue to provide potential future equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,200 shares exercised/converted
Exercise
3 txns
Insider
Baker Robert James Jr
Role
SVP/Banking Division Manager
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option (Right to Buy) | 10,200 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 5,100 contracts (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 3,729.514 shares (Indirect, ESOP)
Footnotes (1)
- F1. Options vest ratably over three years beginning one year from date of grant.
Key Figures
Options exercised: 10,200 shares
Exercise price: $49.70 per share
Options remaining: 5,100 options
+2 more
5 metrics
Options exercised
10,200 shares
Non-qualified stock options exercised on 2026-05-01
Exercise price
$49.70 per share
Non-qualified stock option strike price
Options remaining
5,100 options
Non-qualified stock options after transaction
Indirect ESOP shares
3,729.514 shares
Common stock held indirectly through ESOP after transaction
Direct common shares
0 shares
Directly held common stock after transaction
Key Terms
Non-qualified Stock Option (Right to Buy), ESOP, Exercise or conversion of derivative security, indirect ownership
4 terms
Non-qualified Stock Option (Right to Buy) financial
"security_title: "Non-qualified Stock Option (Right to Buy)""
ESOP financial
"nature_of_ownership: "ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
indirect ownership financial
"ownership_type: "indirect" for ESOP-held common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did WESTAMERICA BANCORPORATION (WABC) report for Robert James Baker Jr?
WESTAMERICA BANCORPORATION reported that executive Robert James Baker Jr. exercised non-qualified stock options. He converted 10,200 derivative rights into common stock at a fixed exercise price, reflecting a compensation-related equity transaction rather than an open-market share purchase or sale.
How many WESTAMERICA BANCORPORATION (WABC) stock options did the executive exercise and at what price?
The executive exercised 10,200 non-qualified stock options with an exercise price of $49.70 per share. This transaction converted option rights into WESTAMERICA BANCORPORATION common stock at the predetermined strike price specified when the options were granted.
What WESTAMERICA BANCORPORATION (WABC) holdings does the Form 4 show after the option exercise?
After the reported activity, the filing shows 3,729.514 WESTAMERICA BANCORPORATION common shares held indirectly through an ESOP and zero directly held common shares. It also shows 5,100 non-qualified stock options remaining, providing additional potential future exposure to the company’s stock.
Did the WESTAMERICA BANCORPORATION (WABC) Form 4 disclose any open-market stock sales by the executive?
The Form 4 describes an option exercise and updated holdings, without reporting any open-market sales transactions. The primary coded transaction is an option exercise, while the other entries update direct and indirect ownership balances in WESTAMERICA BANCORPORATION common stock.
What does ESOP ownership mean in the WESTAMERICA BANCORPORATION (WABC) filing?
The filing shows 3,729.514 WESTAMERICA BANCORPORATION shares held indirectly through an ESOP. ESOP indicates an employee stock ownership plan, meaning the shares are tied to an employee benefit program rather than being held solely in a regular personal brokerage account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
