Form 4: Westamerica Bancorporation SVP/CFO John A. Thorson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John A. Thorson, SVP/CFO of Westamerica Bancorporation, reports changes in beneficial ownership of company stock due to tax liability fulfillment.
Summary
- On March 1, 2024, John A. Thorson, SVP/CFO of Westamerica Bancorporation, reported changes in his beneficial ownership of the company's common stock.
- 1,070 shares were withheld to cover tax liabilities related to the vesting of 2,170 Restricted Performance Shares in January 2024.
- The transaction price for the shares withheld was $45.58.
- Following the transaction, Thorson directly owns 1,100 shares of common stock.
- Thorson also indirectly owns 1,496.809 shares through an ESOP and 13,799 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax liability fulfillment related to vested shares.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| January 2024 | 2,170 Restricted Performance Shares vested. |
| 03/01/2024 | Date of transaction: 1,070 shares withheld for tax liability. |
| 03/04/2024 | Date of signature on the Form 4. |
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