Baker Robert James Jr 4

What Happened
Robert James Baker Jr, SVP and Banking Division Manager at Westamerica Bancorporation (WABC), reported exercising stock option derivatives on 2026-07-20. Two conversion events totaled 29,400 shares (14,400 and 15,000). The filing shows an exercise price of $0.00 and reports the shares as "Disposed" with $0 proceeds.

Key Details

• Transaction date: 2026-07-20; transaction code: M (option exercise/conversion).
• Shares involved: 14,400 and 15,000 (total 29,400). Price per share reported: $0.00; proceeds reported: $0.
• Shares owned after transaction: Not stated in the provided filing.
• Footnote: F1 — Options vest ratably over three years beginning one year from the grant date.
• Filing date: 2026-07-20 (no late filing indication in the provided data).

Context
This was an option exercise (derivative conversion). The filing marks the resulting shares as "Disposed" and reports $0 proceeds; the Form 4 does not specify whether shares were sold in the open market, net-settled, or transferred to cover tax/other obligations. Exercises and subsequent dispositions are often routine and do not by themselves indicate management sentiment about the company's stock.