Westamerica SVP exercises stock options
WESTAMERICA BANCORPORATION SVP/Risk Officer Curtis Belton exercised employee stock options and updated his holdings.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
WESTAMERICA BANCORPORATION SVP/Risk Officer Curtis Belton exercised employee stock options and updated his holdings. He exercised 10,600 non-qualified stock options for Common Stock at an exercise price of $49.70 per share, leaving 5,300 options outstanding. The filing also reports 731.301 Common Stock shares held indirectly through an ESOP and no directly held Common Stock shares after this update.
Insider Trade Summary
10,600 shares exercised/converted
Exercise
1 txn
Insider
Belton Curtis
Role
SVP/Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified Stock Option (Right to Buy) | 10,600 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 5,300 contracts (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 731.301 shares (Indirect, ESOP)
Holdings Before and After:
Non-qualified Stock Option (Right to Buy), 15,900 to 5,300 contracts (Direct)
Footnotes (1)
- F1. Options vest ratably over three years beginning one year from date of grant.
Key Figures
Options exercised: 10,600 options
Exercise price: $49.70 per share
Options remaining: 5,300 options
+2 more
5 metrics
Options exercised
10,600 options
Non-qualified stock options exercised on 2026-04-24
Exercise price
$49.70 per share
Conversion or exercise price for 10,600 options
Options remaining
5,300 options
Non-qualified stock options outstanding after exercise
Indirect ESOP shares
731.301 shares
Common Stock held indirectly through ESOP after transactions
Direct Common Stock
0 shares
Directly held Common Stock after reported transactions
Key Terms
Non-qualified Stock Option, ESOP, Exercise or conversion of derivative security, SVP/Risk Officer
4 terms
Non-qualified Stock Option financial
"The filing lists a Non-qualified Stock Option (Right to Buy) as a derivative security."
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
"Common Stock totaling 731.301 shares is reported as indirectly owned through an 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
"The transaction code description notes an exercise or conversion of derivative security for the options."
SVP/Risk Officer financial
"Reporting person Curtis Belton is identified with the officer title SVP/Risk Officer."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WESTAMERICA (WABC) SVP Curtis Belton report in this Form 4 filing?
Curtis Belton reported an employee stock option exercise. He exercised 10,600 non-qualified stock options for WESTAMERICA BANCORPORATION Common Stock at an exercise price of $49.70 per share, and the filing updates both his remaining options and current share holdings.
How many WESTAMERICA (WABC) stock options did Curtis Belton exercise?
He exercised 10,600 stock options. These were non-qualified stock options with a right to buy WESTAMERICA BANCORPORATION Common Stock, reported as an exercise or conversion of a derivative security on the Form 4 for the stated transaction date.
What exercise price applied to Curtis Belton’s WESTAMERICA (WABC) options?
The options carried a $49.70 exercise price. The Form 4 shows a conversion or exercise price of $49.70 per share for 10,600 non-qualified stock options that were exercised into WESTAMERICA BANCORPORATION Common Stock on the reported transaction date.
How many WESTAMERICA (WABC) options does Curtis Belton have after this transaction?
He has 5,300 options remaining after the exercise. The Form 4 reports total derivative securities following the transaction of 5,300 non-qualified stock options, reflecting the remaining option position after exercising 10,600 options at the stated exercise price.
Does this WESTAMERICA (WABC) Form 4 show any open-market stock sales by Curtis Belton?
The filing does not report any open-market sales. The only coded transaction is an option exercise (code M) for 10,600 non-qualified stock options, with no transactions marked as open-market purchases or sales in the transaction summary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
