Baker Robert James Jr 4

What Happened

• Robert James Baker Jr., Senior Vice President and Banking Division Manager at Westamerica Bancorporation (WABC), reported an exercise/conversion of a derivative on 2026-05-01. The filing shows 10,200 shares resulting from the exercise (transaction code M) and lists those shares as disposed. The reported price and total value for the transaction are $0 in the filing.

Key Details

• Transaction date: 2026-05-01 (reported on Form 4 filed 2026-05-04). Filing appears timely (within required business-day window).
• Transaction type: M = exercise or conversion of derivative; result recorded as "Disposed."
• Shares involved: 10,200 shares; reported exercise price/value: $0.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: Options vest ratably over three years beginning one year from the grant date (vesting schedule noted in filing).

Context

• Derivative transactions like this reflect option exercises. The Form 4 shows the exercised shares were disposed, which usually means they were sold or transferred immediately, but the filing here does not detail the method of disposition or cash received. The zero dollar amount reported in this entry reflects how this line was recorded on the Form 4, not necessarily the economic proceeds of any sale.