WESTAMERICA (WABC) SVP Robert Baker Withholds 601 Shares for Taxes

What Happened

• Robert Baker Jr., Senior Vice President and Banking Division Manager at WESTAMERICA BANCORPORATION (WABC), had 601 shares withheld on March 2, 2026 to satisfy tax withholding related to vested restricted performance shares.
• The withholding was at $50.90 per share, totaling $30,591. This disposition is a tax-withholding event (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-02; withholding price: $50.90 per share; shares withheld: 601; total value: $30,591.
• Footnote: Of the 1,360 Restricted Performance Shares that vested in January 2026, 601 shares were withheld to pay the tax liability (F1).
• Shares owned after the transaction: not specified in the provided filing.
• Filing date/period of report: 2026-03-02 (timely with the transaction; no late filing indicated).

Context

• This was a routine tax-withholding action (often called "sell-to-cover" or share withholding) following the vesting of equity awards, not a signal of a discretionary open-market sale.
• Such withholdings are common when restricted shares vest and do not necessarily indicate insider sentiment about the company.