DONOHOE BRIAN J 4

What Happened

• Brian J. Donohoe, SVP and Chief Information Officer of Westamerica Bancorporation (WABC), received equity awards on 2026-01-22. He was credited with 2,040 shares at $0.00 and 20,500 shares at $51.15 (derivative), the latter reported at a total value of $1,048,575. These transactions are reported as awards/grants (code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-01-22 (reported on Form 4 filed 2026-01-26).
• Awards: 2,040 shares @ $0.00 (value $0); 20,500 shares @ $51.15 (derivative) = $1,048,575.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • F1: The 2023 Restricted Performance Shares vested after meeting performance criteria (explains the performance-share award).
  • F2: Options (not part of these awards) vest ratably over three years beginning one year from grant.
• Filing timeliness: Form 4 was filed 2026-01-26 covering the 2026-01-22 transaction (no late-filing flag provided in the supplied data).

Context

• These are company awards/vestings (including performance-share settlement), which reflect compensation or plan payouts rather than an insider buying stock on the open market. Such awards confirm plan-driven equity compensation but do not necessarily signal personal bullish buying. The 20,500-share item is reported as a derivative award tied to performance-share vesting per footnote F1.