Westamerica SVP has shares withheld for taxes

Westamerica Bancorporation senior vice president Robert James Baker Jr. reported a tax-related share disposition.

Accepted by SEC EDGAR 03/02/2026 - 08:29 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Westamerica Bancorporation senior vice president Robert James Baker Jr. reported a tax-related share disposition. On the vesting of 1,360 Restricted Performance Shares in January 2026, 601 shares of common stock were withheld at $50.90 per share to pay the tax liability. After this withholding, he directly owned 759 common shares and indirectly held 3,573.767 shares through an ESOP.

Insider Trade Summary

Exercise Price or Tax Liability: 601 shares

Exercise Price or Tax Liability 1 txn

Insider Baker Robert James Jr

Role SVP/Banking Division Manager

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	601	$50.90	$31K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 759 shares (Direct); Common Stock — 3,573.767 shares (Indirect, ESOP)

Holdings Before and After: Common Stock, 1,360 to 759 shares (Direct)

Footnotes (1)

1. F1. Of the1,360 Restricted Performance Shares that vested January 2026, 601 shares were withheld to pay the tax liability.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Westamerica Bancorporation (WABC) report for Robert James Baker Jr.?

Westamerica Bancorporation reported that SVP Robert James Baker Jr. had 601 common shares withheld to cover taxes on vested Restricted Performance Shares. This was recorded as a tax-withholding disposition rather than an open-market purchase or sale.

What does the 601-share tax withholding mean in the WABC Form 4 filing?

The Form 4 shows 601 Westamerica common shares were withheld to pay tax on vesting of 1,360 Restricted Performance Shares. This transaction used code F, indicating payment of tax liability by delivering securities instead of cash.

At what price were the withheld WABC shares valued in the insider transaction?

The 601 Westamerica Bancorporation common shares withheld for taxes were valued at $50.90 per share. This price is used solely to report the value of the tax-withholding disposition, not to indicate an open-market trade price.

How many WABC shares does Robert James Baker Jr. hold after the reported transaction?

Following the tax-withholding disposition, Robert James Baker Jr. directly owned 759 Westamerica common shares. He also indirectly held 3,573.767 additional shares through an ESOP, reflecting his total reported post-transaction positions in the filing.

What is the significance of the ESOP holdings in the WABC Form 4?

The Form 4 lists 3,573.767 Westamerica common shares as indirectly owned through an ESOP. This indicates additional beneficial ownership via the company’s employee stock ownership plan, separate from the 759 common shares he holds directly after the transaction.

What does transaction code F indicate in the Westamerica (WABC) insider report?

Transaction code F in the Westamerica Form 4 means shares were used to pay an exercise price or tax liability. Here, 601 common shares were withheld specifically to satisfy the tax due on vesting of 1,360 Restricted Performance Shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baker Robert James Jr

(Last) (First) (Middle)

4550 MANGELS BLVD

(Street)

FAIRFIELD CA 94534

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTAMERICA BANCORPORATION [ WABC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP/Banking Division Manager

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		F		601(1)	D	$50.9	759	D
Common Stock								3,573.767	I	ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Of the1,360 Restricted Performance Shares that vested January 2026, 601 shares were withheld to pay the tax liability.

	/s/Robert James Baker, Jr.	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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