DONOHOE BRIAN J 4

What Happened

• Brian J. Donohoe, SVP and Chief Information Officer of Westamerica Bancorporation (WABC), reported exercising stock options on July 20, 2026. The filing shows two derivative conversion transactions: 5,900 shares and 15,100 shares, totaling 21,000 shares. Both transactions are reported with a $0.00 price and $0 value and are marked as "Disposed" on the Form 4.
• This was an exercise/conversion of options (derivative code M). The filing does not show cash proceeds from a sale on the open market.

Key Details

• Transaction date: 2026-07-20
• Transactions: Exercise/conversion of derivative (M) — 5,900 shares and 15,100 shares (total 21,000)
• Reported price/proceeds: $0.00 / $0 (both transactions reported as "Disposed")
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: F1 — Options vest ratably over three years beginning one year from date of grant
• Timeliness: Filing covers the period 2026-07-20 and was filed on 2026-07-20 (no late filing indicated)

Context

• Code M indicates an option exercise or other derivative conversion. When a Form 4 shows exercised options with $0 proceeds and "Disposed," common explanations include net-share settlement or shares surrendered to cover exercise costs/taxes; the filing itself does not detail the mechanics, so the specific treatment here is not disclosed. Options vesting (per F1) suggests these shares became exercisable under the grant schedule.