Gerald P. Plush - 16 Feb 2024 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Chairman, President & CEO, Director
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Gerald P. Plush
Issuer symbol
AMTB
Transactions as of
16 Feb 2024
Net transactions value
-$1,276,577
Form type
4
Filing time
21 Feb 2024, 17:52:10 UTC
Previous filing
31 Jul 2023
Next filing
17 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +40,428 +73% $0.000000 96,159 16 Feb 2024 Direct F1, F2
transaction AMTB Class A Common Stock Options Exercise $0 +64,364 +67% $0.000000 160,523 16 Feb 2024 Direct F3
transaction AMTB Class A Common Stock Options Exercise $0 +39,451 +25% $0.000000 199,974 16 Feb 2024 Direct F3
transaction AMTB Class A Common Stock Tax liability $1,276,577 -56,762 -28% $22.49 143,212 16 Feb 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMTB Restricted Stock Units Options Exercise $0 -20,793 -100% $0.000000* 0 16 Feb 2024 Class A Common Stock 20,793 $0.000000 Direct F1, F5
transaction AMTB Restricted Stock Units LTI 2021 Options Exercise $0 -8,509 -100% $0.000000* 0 16 Feb 2024 Class A Common Stock 8,509 $0.000000 Direct F1, F6
transaction AMTB Restricted Stock Units LTI 2022 Options Exercise $0 -4,905 -50% $0.000000 4,905 16 Feb 2024 Class A Common Stock 4,905 $0.000000 Direct F1, F7
transaction AMTB Restricted Stock Units LTI 2023 Options Exercise $0 -6,221 -33% $0.000000 12,444 16 Feb 2024 Class A Common Stock 6,221 $0.000000 Direct F1, F8
transaction AMTB Performance Based Restricted Stock Units Options Exercise $0 -64,364 -100% $0.000000* 0 16 Feb 2024 Class A Common Stock 64,364 $0.000000 Direct F3, F9
transaction AMTB Performance Based Restricted Stock Units LTI 2021 Options Exercise $0 -39,451 -100% $0.000000* 0 16 Feb 2024 Class A Common Stock 39,451 $0.000000 Direct F3, F10
transaction AMTB Restricted Stock Units LTI 2024 Award $0 +25,611 $0.000000 25,611 16 Feb 2024 Class A Common Stock 25,611 $0.000000 Direct F1, F11
transaction AMTB Performance Based Restricted Stock Units LTI 2024 Award $0 +28,416 $0.000000 28,416 16 Feb 2024 Class A Common Stock 28,416 $0.000000 Direct F3, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
F2 Includes 66.37 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.
F3 Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
F4 Reflects the shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of RSUs and PSUs.
F5 On February 16, 2021, Mr. Plush was awarded 62,377 RSUs in connection with a sign-on grant related to his appointment as Vice-Chairman and CEO. Each RSU represents the right to receive, following vesting, one share of Class A Common Stock. The award vests in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
F6 On February 16, 2021, Mr. Plush was awarded 25,525 RSUs, each representing the right to receive, following vesting, one share of Class A common stock. The award vests in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
F7 On February 16, 2022, Mr. Plush was awarded 14,714 RSUs, each representing the right to receive, following vesting, one share of Class A Common Stock. The award vests in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
F8 On February 16, 2023, Mr. Plush was awarded 18,665 RSUs, each representing the right to receive, following vesting, one share of Class A Common Stock. The award vests in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
F9 Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of this sign-on award, the total includes 100% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023.
F10 Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of the award, the total includes 150% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023.
F11 On February 16, 2024, Mr. Plush was awarded 25,611 RSUs, each representing the right to receive, following vesting, one share of Class A Common Stock. The award vests in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
F12 PSUs awarded to Mr. Plush, each representing the right to receive, following vesting, one share of Class A Common Stock. The actual number of PSUs earned shall be based on the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee for a 3-year period beginning January 1, 2024 and ending on December 31, 2026, and in general can range from 50% to 150% of the PSUs. The number reported reflects the maximum number of PSUs Mr. Plush may earn.