Belton Curtis 4

What Happened

• Belton Curtis, Senior Vice President and Risk Officer at Westamerica Bancorporation (WABC), received a derivative award on 2026-01-22 for 16,600 shares with a reported per-share price of $51.15, totaling $849,090. The filing records this as an acquisition of derivative securities (an options grant).

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-26 (timely within the two-business-day window).
• Award type: Derivative (options grant) reported at $51.15 per share; total reported value $849,090.
• Vesting: Options vest ratably over three years, beginning one year from the grant date (footnote).
• Shares owned after the transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax-withholding sale, or immediate disposition was reported in this filing.

Context

• This was an award of derivative securities (options), not an open-market purchase or sale. Because the options vest starting one year after grant and then ratably over three years, they are not immediately exercisable and do not indicate an immediate stock purchase or sale. Grants like this are common compensation and should be viewed as part of executive pay rather than a direct market signal.