State Street Corporation (NASDAQ: WABC) reports 1.39M Westamerica Bancorp shares on 13G
Rhea-AI Filing Summary
State Street Corporation reports passive ownership of common stock of Westamerica Bancorporation. State Street and its listed asset management subsidiaries beneficially own 1,394,074 shares of Westamerica Bancorp common stock, representing 5.9% of the class as of this filing. They report 0 shares with sole voting or dispositive power, but have shared voting power over 283,756 shares and shared dispositive power over all 1,394,074 shares. No other person is identified as having rights to receive dividends or sale proceeds in excess of 5% of the class.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 1,394,074 shares
Percent of class: 5.9%
Shared voting power: 283,756 shares
+3 more
6 metrics
Beneficially owned shares
1,394,074 shares
Common stock of Westamerica Bancorp reported by State Street Corporation
Percent of class
5.9%
Portion of Westamerica Bancorp common stock beneficially owned
Shared voting power
283,756 shares
Shares over which State Street has shared power to vote or direct the vote
Shared dispositive power
1,394,074 shares
Shares over which State Street has shared power to dispose or direct disposition
Sole voting power
0 shares
Shares with sole voting authority reported by State Street
Sole dispositive power
0 shares
Shares with sole dispositive authority reported by State Street
Key Terms
beneficially owned, dispositive power, Schedule 13G, parent holding company, +1 more
5 terms
beneficially owned financial
"Amount beneficially owned: 1394074.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
dispositive power financial
"shared power to dispose or to direct the disposition of: 1,394,074"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G regulatory
"a group has filed this schedule pursuant to 1(b)(1)(ii)(K)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
parent holding company financial
"If a parent holding company has filed this schedule"
investment company financial
"shareholders of an investment company registered under the Investment Company Act of 1940"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Westamerica Bancorp (WABC) does State Street hold?
State Street reports owning 5.9% of Westamerica Bancorp’s common stock. This percentage is based on 1,394,074 beneficially owned shares relative to the issuer’s outstanding common shares.
What dispositive power does State Street report over WABC stock?
State Street reports 0 shares with sole dispositive power and 1,394,074 shares with shared dispositive power. This means decisions to sell or otherwise dispose of these shares are made on a shared basis.
Which State Street subsidiaries are associated with the WABC holdings?
The filing associates the WABC holdings with several investment adviser subsidiaries, including SSGA Funds Management, Inc. and multiple State Street Global Advisors entities in the U.S., Europe, Japan, and Australia.
Does any other person have more than 5% economic interest in WABC through State Street’s holdings?
The filing states “NOT APPLICABLE” for others’ rights to receive dividends or sale proceeds over 5%. No specific third party is identified as holding such an interest through these shares.