DONOHOE BRIAN J 4/A

What Happened

• Brian J. Donohoe, Senior Vice President and Chief Information Officer of Westamerica Bancorporation (WABC), was credited with awards/issuances on 2026-01-22: 2,040 shares reported at $0.00 and 20,500 shares reported as a derivative acquisition at $51.15 each (20,500 × $51.15 = $1,048,575). The filing is an amended Form 4 clarifying the treatment of certain shares.

Key Details

• Transaction date: 2026-01-22 (Amended Form 4 filed 2026-01-28)
• Items reported:
  • Grant/award: 2,040 shares @ $0.00 (acquired)
  • Grant/award (derivative): 20,500 shares @ $51.15 (acquired), total reported value $1,048,575
• Shares owned after transaction: not specified in the provided excerpt; see the full Form 4 for total holdings.
• Footnotes:
  • F1: These were Restricted Performance Shares granted in 2023 that vested upon meeting performance criteria.
  • F2: The filing corrects an inadvertent transfer/misclassification between Common Stock categories related to a Trust and the indirect ownership balance.
  • F3: (General) Options vest ratably over three years beginning one year from grant — not directly tied to the vested performance shares reported here.
• Filing status: This is an amended filing to correct reporting (see F2).

Context

• These entries reflect awards/vesting of restricted performance shares (compensation), not an open-market purchase or sale; such awards reflect pay or incentive plan outcomes rather than a direct insider market bet. The larger line item (20,500 shares valued at about $1.05M) represents vested performance shares that converted to ownership upon meeting performance criteria. For full holdings, timing, and any subsequent disposition, consult the complete amended Form 4.