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Westamerica Bancorporation Executive Compensation (FY25)

WABC · Executive and director compensation, fiscal 2022 to 2025
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
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Data as of October 22, 2026Latest filing (8-K): April 27, 2026
12 filings cited on this page
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270 figures on this page: 260 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on Westamerica Bancorporation

Five data products on this company. Each one is requested through the developer setup page.
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 2022
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
◇—◇◇◇—◇◇
Jesse Leavitt
SVP & Chief Financial Officer
◇—◇◇◇—◇◇
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 Robert 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. JonasRSU———◇——◇
Anela M. JonasOPTION———◇—◇◇
Brian DonohoeRSU———◇——◇
Brian DonohoeOPTION———◇—◇◇
David L. PayneOPTION———◇—◇◇
David L. PayneRSU———◇——◇
John A. ThorsonRSU◇——◇——◇
John A. ThorsonOPTION◇——◇—◇◇
Robert BakerRSU———◇——◇
Robert BakerOPTION———◇—◇◇
Russell W. RizzardiRSU———◇——◇
Russell W. RizzardiOPTION———◇—◇◇
Fiscal 2022, 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
Brian DonohoePSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Russell RizzardiPSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Anela JonasPSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Robert BakerPSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Anela Jonas
SVP & Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Equity acceleration on change in control◇
Brian Donohoe
SVP & Chief Information Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance base◇
Equity acceleration on change in control◇
David Payne
Chairman, President & CEO · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Equity acceleration on change in control◇
Robert Baker
SVP & Banking Division Manager · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Equity acceleration on change in control◇
Russell Rizzardi
SVP & Chief Credit Administrator · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance base◇
Equity acceleration on change in control◇

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◇
Board meeting fee◇
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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Sample answer — “What is the CEO’s total compensation?”
- David Payne (Chairman, President & CEO), FY2025 total compensation $802,645 (base salary $371,000) [exec_comp, SEC accession 0001174947-26-000355, filed 2026-03-13]

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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 — $499
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.
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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.
270 figures on this page: 260 cited to the filing that reported them, 10 calculated from figures it prints.
260 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001171843-26-002737
  2. 0001174947-26-000355
    Compensation Discussion and Analysis · Director Compensation · Grants of Plan-Based Awards Table for Fiscal Year 2025 · Outstanding Equity Awards Table at Fiscal Year End 2025 · and 1 more section
  3. 0001171843-25-002536
  4. 0001171843-24-002292
  5. 0001171843-23-002689
  6. 0001174947-23-000368
    Summary Compensation Table for Fiscal Year 2022
  7. 0001171843-22-003022
  8. 0001171843-21-002704
  9. 0001171843-20-002869
  10. 0001171843-19-002711
  11. 0001171843-18-003204
  12. 0001171843-17-002436
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Westamerica Bancorporation executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WABC (accessed 2026).
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The paid brief for Westamerica Bancorporation

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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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

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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