Belton Curtis 4

What Happened

• Belton Curtis, Senior Vice President and Risk Officer at Westamerica Bancorporation (WABC), reported a derivative transaction on 2026-04-24: an exercise/conversion of options covering 10,600 shares. The filing lists the per-share price and total proceeds as $0.00 and $0, and the transaction is marked as "Disposed."

Key Details

• Transaction date: 2026-04-24
• SEC transaction code: M (exercise or conversion of derivative security)
• Shares involved: 10,600 underlying shares; reported price $0.00; reported proceeds $0
• Disposition: Filing shows these shares as "Disposed" (the filing does not specify method of disposition or cash received)
• Shares owned after transaction: Not disclosed in the filing
• Footnote: F1 — Options vest ratably over three years beginning one year from the grant date
• Timeliness: Report filed on the same date as the reported transaction (no late filing indicated)

Context

• This filing records an option exercise (derivative conversion). Because the report lists the shares as "Disposed" with $0 proceeds, the filing does not make clear whether shares were sold, surrendered to cover exercise/tax obligations, or otherwise transferred.
• Option exercises and related dispositions are common among insiders and do not, by themselves, indicate the insider’s view on the company’s outlook. Purchases are typically more informative for bullish signals.