Form 4: Westamerica Bancorporation Executive Reports Tax Liability Transaction
SEC Form 4 Filing
John A. Thorson, SVP/Treasurer of Westamerica Bancorporation, reports a transaction where shares were withheld to cover tax liabilities upon vesting of restricted performance shares.
Summary
- On March 3, 2025, John A. Thorson, SVP/Treasurer of Westamerica Bancorporation, filed a Form 4.
- The filing reports that 1,999 shares of common stock were withheld to cover tax liabilities related to the vesting of 4,594 restricted performance shares in January 2025.
- The price per share for the tax withholding was $51.82.
- Following the transaction, Thorson directly owns 2,595 shares of common stock, indirectly owns 1,918.366 shares through an ESOP, and 13,834 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine transactions related to executive compensation and tax obligations.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to tax obligations of an executive.
- It provides transparency into executive compensation.
Key Dates
| Date | Description |
|---|---|
| January 2025 | 4,594 Restricted Performance Shares vested. |
| 03/03/2025 | Date of transaction (tax withholding). |
| 03/05/2025 | Date of signature on the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.