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Westamerica Bancorporation Executive Compensation (FY25)

WABC · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 27, 2026
220 figures on this page: 210 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
David Payne
Median of the other named officers
$479,870
5 officers, excluding the chief executive
Latest say-on-pay support
=
April 23, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Payne: $786,658 → $802,645 (2.0% higher)
Say-on-pay support: 98.8% → 98.0% (0.8 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Westamerica Bancorporation's chief executive and what were they paid?
David Payne, Chairman, President & CEO, received $802,645 in total compensation for fiscal 2025. Payne's total was 2.0% higher than the $786,658 reported for fiscal 2024.
What was Westamerica Bancorporation's say-on-pay result?
The say-on-pay proposal drew 98.0% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025.
What is Westamerica Bancorporation's chief executive pay ratio?
The company reported a chief executive pay ratio of 17.7:1 for fiscal 2025, against median employee compensation of $45,481.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Payne
Chairman, President & CEO
◇———◇—◇◇
John Robert Thorson
SVP & Treasurer
◇—◇◇◇◇◇◇
Brian Donohoe
SVP & Chief Information Officer
◇—◇◇◇—◇◇
Russell Rizzardi
SVP & Chief Credit Administrator
◇—◇◇◇—◇◇
Robert Baker
SVP & Banking Division Manager
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Payne
Chairman, President & CEO
◇———◇—◇◇
John Thorson
SVP & Treasurer
◇—◇◇◇—◇◇
Brian Donohoe
SVP & Chief Information Officer
◇—◇◇◇—◇◇
Anela Jonas
SVP & Chief Financial Officer
◇—◇◇◇—◇◇
Russell Rizzardi
SVP & Chief Credit Administrator
◇—◇◇◇—◇◇
Robert Baker
SVP & Banking Division Manager
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Payne
Chairman, President & CEO
◇———◇—◇◇
Brian Donohoe
SVP & Chief Information Officer
◇—◇◇◇—◇◇
Anela Jonas
SVP & Chief Financial Officer
◇—◇◇◇◇◇◇
Russell Rizzardi
SVP & Chief Credit Administrator
◇—◇◇◇—◇◇
John Robert Thorson
SVP & Treasurer
◇—◇◇—◇◇◇
Robert Baker
SVP & Banking Division Manager
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anela M. JonasOPTION———◇—◇◇
Anela M. JonasRSU———◇——◇
Brian DonohoeRSU———◇——◇
Brian DonohoeOPTION———◇—◇◇
David L. PayneRSU———◇——◇
David L. PayneOPTION———◇—◇◇
Robert BakerOPTION———◇—◇◇
Robert BakerRSU———◇——◇
Russell W. RizzardiOPTION———◇—◇◇
Russell W. RizzardiRSU———◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert BakerPSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Russell RizzardiOption◇—◇—
PSU◇◇——
Option◇—◇—
Option◇—◇—
Anela JonasPSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Brian DonohoeOption◇—◇—
Option◇—◇—
Option◇—◇—
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward B. Sylvester
Lead independent director
◇———◇—◇
Michele Hassid
◇—————◇
Melanie Martella Chiesa
◇———◇—◇
Alisa Belew
◇———◇—◇
Inez Wondeh
◇———◇—◇
Martin Camsey
◇—————◇
E. Joseph Bowler
◇—————◇
David L. Payne and Carter Welch served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Committee meeting fee◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • NASDAQ Bank Index symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 23, 2026=◇◇◇
2024April 24, 2025=◇◇◇
2023April 25, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 28, 2022=◇◇◇
2020April 22, 2021=◇◇◇
2019April 23, 2020=◇◇◇
2018April 25, 2019=◇◇◇
2017April 26, 2018=◇◇◇
2016April 27, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Westamerica Bancorporation disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Westamerica Bancorporation sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
220 figures on this page: 210 cited to the filing that reported them, 10 calculated from figures it prints.
210 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001171843-26-002737
  2. 0001174947-26-000355
    Director Compensation · Grants of Plan-Based Awards Table for Fiscal Year 2025 · Outstanding Equity Awards Table at Fiscal Year End 2025 · Summary Compensation · and 1 more section
  3. 0001171843-25-002536
  4. 0001174947-25-000333
    Summary Compensation
  5. 0001171843-24-002292
  6. 0001174947-24-000347
    Summary Compensation Table
  7. 0001171843-23-002689
  8. 0001171843-22-003022
  9. 0001171843-21-002704
  10. 0001171843-20-002869
  11. 0001171843-19-002711
  12. 0001171843-18-003204
  13. 0001171843-17-002436
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Westamerica Bancorporation executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/WABC (accessed 2026).
Short form: data: Velarion
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy