Westamerica SVP exercises 29,400 stock options
Baker Robert James Jr reported disposition transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Baker Robert James Jr reported disposition transactions in this Form 4 filing.
Westamerica Bancorporation senior vice president Robert James Baker Jr exercised non-qualified stock options covering 14,400 and 15,000 shares of common stock on July 20, 2026, at exercise prices of $57.1775 and $55.4700 per share. These options expire in 2027 and 2033. Following the transactions, he reports no common shares held directly and 3,800.764 shares held indirectly through an ESOP.
Insider Trade Summary
29,400 shares exercised/converted
Exercise
2 txns
Insider
Baker Robert James Jr
Role
SVP/Banking Division Manager
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option (Right to Buy) F1 | 14,400 | $0.00 | $0.00 |
| Exercise | Non-qualified Stock Option (Right to Buy) F1 | 15,000 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 3,800.764 shares (Indirect, ESOP)
Holdings Before and After:
Non-qualified Stock Option (Right to Buy), 29,400 to 0 contracts (Direct)
Footnotes (1)
- F1. Options vest ratably over three years beginning one year from date of grant.
Key Figures
Options exercised: 14,400 shares
Options exercised: 15,000 shares
Total options exercised: 29,400 shares
+2 more
5 metrics
Options exercised
14,400 shares
Non-qualified stock option exercised at $57.1775 per share on 2026-07-20
Options exercised
15,000 shares
Non-qualified stock option exercised at $55.4700 per share on 2026-07-20
Total options exercised
29,400 shares
Aggregate derivative exercises reported for 2026-07-20
Indirect holdings
3,800.764 shares
Common stock held indirectly through ESOP after transactions on 2026-07-20
Direct holdings
0 shares
Common stock held directly after transactions on 2026-07-20
Key Terms
Non-qualified Stock Option, ESOP, derivative security, acquired/disposed code
4 terms
Non-qualified Stock Option financial
"Security title shows Non-qualified Stock Option (Right to Buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
ESOP financial
"Indirect ownership nature is listed as 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.
derivative security financial
"Transaction code M refers to a derivative security exercise"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
acquired/disposed code financial
"acquired_disposed code D indicates disposition of the derivative"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WABC report for Robert James Baker Jr?
Robert James Baker Jr exercised non-qualified stock options for 14,400 and 15,000 shares of Westamerica Bancorporation common stock on July 20, 2026. The options had exercise prices of $57.1775 and $55.4700 per share, converting derivative awards into common shares.
What were the exercise prices and expiration dates of the WABC options?
The exercised options covered 14,400 shares at an exercise price of $57.1775, expiring on January 26, 2027, and 15,000 shares at $55.4700, expiring on January 26, 2033. Both were non-qualified stock options on Westamerica common stock.
Were the WABC insider option exercises made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 trading-plan checkbox for these transactions is not selected, and no trading-plan description accompanies the entries. This indicates the option exercises are not affirmatively characterized as occurring under a pre-arranged trading plan in the disclosure.
How do Robert James Baker Jr’s WABC stock options vest?
The non-qualified stock options reported for Robert James Baker Jr vest ratably over three years, beginning one year from the date of grant. This schedule spreads vesting in equal installments across three years after the first anniversary of each grant date.
What total number of WABC options did Robert James Baker Jr exercise?
In this report, Robert James Baker Jr exercised options covering a combined 29,400 shares of Westamerica common stock. This total reflects 14,400 shares from one option grant and 15,000 shares from a second grant, both exercised on July 20, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
