Westamerica Bancorporation (WABC) SVP exercises 9,200 stock options
Rhea-AI Filing Summary
Belton Curtis reported disposition transactions in this Form 4 filing.
Westamerica Bancorporation SVP/Risk Officer Curtis Belton exercised 9,200 non-qualified stock options for common stock on 2026-07-24 at an exercise price of 58.5100 per share, eliminating this option position. Following the transactions, he reports 0 directly held common shares and 777.465 shares held indirectly through an ESOP. No Rule 10b5-1 trading plan was affirmed.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,200 shares exercised/converted
Exercise
3 txns
Insider
Belton Curtis
Role
SVP/Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option (Right to Buy) F1 | 9,200 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 777.465 shares (Indirect, ESOP)
Footnotes (1)
- F1. Options vest ratably over three years beginning one year from date of grant.
Key Figures
Options Exercised: 9200.0000 shares
Exercise Price: 58.5100 per share
Options Remaining: 0.0000 shares
+2 more
5 metrics
Options Exercised
9200.0000 shares
Non-qualified stock options for common stock exercised on 2026-07-24
Exercise Price
58.5100 per share
Conversion or exercise price of options exercised
Options Remaining
0.0000 shares
Non-qualified stock option balance following exercise
Indirect Common Holdings
777.4650 shares
Common stock held indirectly via ESOP after 2026-07-24 transactions
Option Expiration Date
2032-01-27
Original expiration date of options that were exercised
Key Terms
Non-qualified Stock Option (Right to Buy), Exercise or conversion of derivative security, ESOP
3 terms
Non-qualified Stock Option (Right to Buy) financial
"Security titled "Non-qualified Stock Option (Right to Buy)" for 9200.0000 shares"
Exercise or conversion of derivative security financial
"Transaction code description "Exercise or conversion of derivative security""
ESOP financial
"Nature of ownership listed as "ESOP" for 777.4650 shares"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did WABC executive Curtis Belton report in this Form 4?
Curtis Belton reported exercising 9,200 non-qualified stock options for Westamerica Bancorporation (WABC) common stock on 2026-07-24 at an exercise price of 58.5100 per share, bringing the reported balance of that option grant to 0.
At what price were Curtis Belton's WABC options exercised?
The non-qualified stock options were exercised at an exercise price of 58.5100 per share. This price applies to the entire block of 9,200 options converted into Westamerica Bancorporation (WABC) common stock on 2026-07-24.
Were Curtis Belton's WABC transactions under a Rule 10b5-1 plan?
The filing's Rule 10b5-1 checkbox is not checked, so these WABC transactions are not affirmatively reported as made under a Rule 10b5-1 trading plan. No related footnote describes any such plan.
What are the key terms of the WABC options exercised by Curtis Belton?
Belton exercised 9,200 non-qualified stock options with an exercise price of 58.5100 per share and an original expiration date of 2032-01-27. A footnote states these options vest ratably over three years beginning one year from the grant date.
What indirect ownership does Curtis Belton report in WABC stock?
Curtis Belton reports indirect ownership of 777.465 Westamerica Bancorporation (WABC) common shares through an ESOP. The filing classifies this position as indirect (ownership code "I") with the nature of ownership explicitly described as ESOP.