Form 4: Westamerica Bancorporation Executive Reports Tax Liability Transaction
SEC Form 4 Filing
Robert James Baker Jr., SVP at Westamerica Bancorporation, reports a transaction involving the withholding of shares to cover tax liabilities.
Summary
- Robert James Baker Jr., a Senior Vice President at Westamerica Bancorporation, filed a Form 4 to report changes in beneficial ownership of the company's stock.
- On March 3, 2025, 560 shares of common stock were withheld to cover tax liabilities at a price of $51.82 per share.
- Following the transaction, Baker directly owns 710 shares of common stock and indirectly owns 3,347.243 shares through an ESOP.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment. It's a standard part of executive compensation and doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates a standard tax liability transaction related to vested shares.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: 560 shares withheld for tax liability. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Westamerica Bancorporation, WABC, Robert James Baker Jr., Tax Liability, ESOP, Insider Trading
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