JOHN A. THORSON - 23 Jan 2025 Form 4 Insider Report for WESTAMERICA BANCORPORATION (WABC)

Role
SVP/Treasurer
Signature
/s/John "Robert" A. Thorson
Issuer symbol
WABC
Transactions as of
23 Jan 2025
Transactions value $
$1,129,602
Form type
4
Filing time
27 Jan 2025, 20:38:34 UTC
Previous filing
26 Jun 2024
Next filing
05 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WABC Common Stock Award $0 +2,180 $0 2,180 23 Jan 2025 Direct F1
transaction WABC Common Stock Award $0 +1,560 +72% $0 3,740 23 Jan 2025 Direct F2
transaction WABC Common Stock Award $0 +854 +23% $0 4,594 23 Jan 2025 Direct F3
holding WABC Common Stock 1,682 23 Jan 2025 Esop
holding WABC Common Stock 13,834 23 Jan 2025 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WABC Non-qualified Stock Option (Right to Buy) Award $1,129,602 +21,900 $51.58 21,900 23 Jan 2025 Common Stock 21,900 $51.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Performance Shares granted in 2022 have vested upon meeting performance criteria.
F2 Prorated vesting. 2/3 of the Restricted Performance Shares granted in 2023 have vested upon meeting performance criteria.
F3 Prorated vesting. 1/3 of the Restricted Performance Shares granted in 2024 have vested upon meeting performance criteria.
F4 Options vest ratably over three years beginning one year from date of grant.