Belton Curtis 4

What Happened

• Belton Curtis, Senior Vice President and Risk Officer at Westamerica Bancorporation (WABC), reported the exercise/conversion of derivative instruments on 2026-07-24. The filing records 9,200 shares as "disposed" with a reported price of $0.00 and $0 total proceeds.
• Because the filing shows the shares were disposed upon conversion, this action functions like a sale (an exit of option-derived shares) rather than a new purchase of stock.

Key Details

• Transaction date: 2026-07-24
• Transaction type/code: M — Exercise or conversion of derivative; shares reported as "Disposed"
• Shares involved: 9,200
• Price and proceeds reported: $0.00 per share; $0 total reported
• Shares owned after transaction: Not specified in the provided filing summary
• Footnote: Options vest ratably over three years beginning one year from the grant date (F1)
• Filing timeliness: Report filed with a period of report matching the transaction date (no late filing indicated)

Context

• An "M" filing means options or other derivatives were exercised/converted. The designation "Disposed" indicates the resulting shares were not retained by the insider. The $0.00/$0 reporting can occur when shares are net-settled, used to satisfy tax withholding, or otherwise converted with no cash proceeds reported; the filing does not specify which method was used.
• This type of insider activity is effectively a sale of option-derived shares and is informational rather than a clear signal of company outlook.