Ensinger George S 4

What Happened

• George S. Ensinger, Senior Vice President and Human Resources Division Manager at Westamerica Bancorporation (WABC), had 1,156 shares withheld to satisfy a tax liability on March 2, 2026. The withholding was recorded at $50.90 per share, totaling about $58,840.
• This was a tax-withholding disposition (transaction code F) tied to the vesting of restricted performance shares — not an open-market sale or option exercise.

Key Details

• Transaction date and price: 2026-03-02 — 1,156 shares withheld at $50.90/share (total ≈ $58,840).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: Filing notes holdings include dividend reinvestment (F1). Of 2,806 restricted performance shares that vested in January 2026, 1,156 were withheld to pay the tax liability (F2).
• Timeliness: Filed on the same date as the reported transaction (timely).

Context

• This was a routine tax-withholding event following the vesting of restricted performance shares; the company withheld shares to satisfy tax obligations rather than the insider selling shares on the open market.
• Such withholding dispositions reduce an insider’s share count but are common and do not necessarily indicate buying or selling intent.