Thorsen Cheryl Christine 4

What Happened

• Cheryl Christine Thorsen, Senior Vice President and HR Division Manager at Westamerica Bancorporation (WABC), was granted a derivative award of 6,900 shares on January 22, 2026. The award is reported at a per-share price of $51.15, for a total reported value of $352,935. This is an awarded/acquired equity grant (not an open-market purchase or sale).

Key Details

• Transaction date and terms: 2026-01-22; 6,900 shares at $51.15 each; total reported value $352,935.
• Transaction type: Award/derivative (code A); not an immediate cash purchase or sale.
• Vesting/other footnote: Options (or option-like awards) vest ratably over three years beginning one year from the grant date (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Report filed 2026-01-26; this appears timely under the Form 4 two-business-day filing rule.

Context

• This was a compensation-related equity award (derivative) with a multi-year vesting schedule, which is common for executive retention/incentive plans. Such awards do not represent an immediate market purchase or sale and do not by themselves indicate near-term buying or selling activity.