Alberto Capriles - Feb 16, 2022 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Executive Vice-President and Chief Risk Officer
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Alberto Capriles
Stock symbol
AMTB
Transactions as of
Feb 16, 2022
Transactions value $
-$31,296
Form type
4
Date filed
2/18/2022, 04:16 PM
Previous filing
Dec 23, 2021
Next filing
Dec 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +2.34K +15.01% $0.00 17.9K Feb 16, 2022 Direct F1, F2
transaction AMTB Class A Common Stock Tax liability -$31.3K -921 -5.14% $33.98 17K Feb 16, 2022 Direct F3

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 LTI 2021 Options Exercise $0 -2.34K -33.32% $0.00 4.68K Feb 16, 2022 Class A Common Stock 2.34K $0.00 Direct F1, F4, F5
transaction AMTB Restricted Stock Units LTI 2022 Award $0 +3.65K $0.00 3.65K Feb 16, 2022 Class A Common Stock 3.65K $0.00 Direct F1, F8
transaction AMTB Performance Based Restricted Stock Units LTI 2022 Award $0 +5.48K $0.00 5.48K Feb 16, 2022 Class A Common Stock 5.48K $0.00 Direct F6, F9
holding AMTB Performance Based Restricted Stock Units LTI 2021 10.5K Feb 16, 2022 Class A Common Stock 10.5K $0.00 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit is the economic equivalent of one share of Class A Common Stock.
F2 As set forth in footnote 4 below more fully, the reporting person had previously reported 7,019 restricted stock units in Table 1 of Form 4. The total reported in column 5 has been adjusted to subtract 4,680 restricted stock units that have not yet vested and are now being reported in Table II of Form 4.
F3 This number reflects an aggregate of 921 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of 2,339 restricted stock units.
F4 On February 16, 2021 the reporting person was awarded 7,019 restricted stock units under the 2021-2023 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. The 7,019 restricted stock units were originally reported by the reporting person in Table I of Form 4. Each restricted stock unit 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. Capriles remains in the continuous service of the Company or a subsidiary through each such date.
F5 On February 16, 2021, the reporting person was granted 7,019 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
F6 Each Performance Based Restricted Stock Unit is the economic equivalent of one share of Class A Common Stock.
F7 Each performance based restricted stock unit represents the right to receive, following vesting, one share of Class A common stock. The actual number of performance-based restricted stock units earned shall be based on the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation Committee for a 3-year period beginning January 1, 2021, and ending on December 31, 2023, and in general can range from 50% of the performance based restricted stock units to 150% of the performance based restricted stock units. The number of performance-based restricted stock units reported reflect the maximum number of performance-based restricted stock units Mr. Capriles may earn at the end of the performance period.
F8 On February 16, 2022 the reporting person was awarded 3,650 restricted stock units under the 2022-2024 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each restricted stock unit 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. Capriles remains in the continuous service of the Company or a subsidiary through each such date.
F9 Each performance based restricted stock unit represents the right to receive, following vesting, one share of Class A common stock. The actual number of performance-based restricted stock units earned shall be based on the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation Committee for a 3-year period beginning January 1, 2022, and ending on December 31, 2024, and in general can range from 50% of the performance based restricted stock units to 150% of the performance based restricted stock units. The number of performance-based restricted stock units reported reflect the maximum number of performance-based restricted stock units Mr. Capriles may earn at the end of the performance period.

Remarks:

Executive Vice-President and Chief Risk Officer