Alberto Capriles - Feb 16, 2023 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role: SEVP Chief Risk Officer
Signature: /s/ Julio V. Pena, as Attorney-in-Fact for Alberto Capriles
Stock symbol: AMTB
Transactions as of: Feb 16, 2023
Transactions value $: -$40,502
Form type: 4
Date filed: 2/21/2023, 05:00 PM
Previous filing: Dec 14, 2022
Next filing: Jul 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMTB	Class A Common Stock	Options Exercise	$0	+3.56K	+20.44%	$0.00	21K	Feb 16, 2023	Direct	F1
transaction	AMTB	Class A Common Stock	Tax liability	-$40.5K	-1.4K	-6.68%	$28.93	19.6K	Feb 16, 2023	Direct	F2

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	-50%	$0.00	2.34K	Feb 16, 2023	Class A Common Stock	2.34K	$0.00	Direct	F1, F3
transaction	AMTB	Restricted Stock Units LTI 2022	Options Exercise	$0	-1.22K	-33.32%	$0.00	2.43K	Feb 16, 2023	Class A Common Stock	1.22K	$0.00	Direct	F1, F4
transaction	AMTB	Restricted Stock Units LTI 2023	Award	$0	+4.72K		$0.00	4.72K	Feb 16, 2023	Class A Common Stock	4.72K	$0.00	Direct	F1, F5
transaction	AMTB	Performance Based Restricted Stock Units LTI 2023	Award	$0	+7.08K		$0.00	7.08K	Feb 16, 2023	Class A Common Stock	7.08K	$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	This number reflects an aggregate of 1,400 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of the restricted stock units.
F3	On February 16, 2021, Mr. Capriles 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. 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.
F4	On February 16, 2022, Mr. Capriles 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.
F5	On February 16, 2023, Mr. Capriles was awarded 4,718 restricted stock units under the 2023-2025 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.
F6	Each performance based restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F7	Performance based restricted stock units awarded to Mr. Capriles under the 2023-2025 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. 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 and Human Capital Committee for a 3-year period beginning January 1, 2023 and ending on December 31, 2025, 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 reflects the maximum number of performance based restricted stock units Mr. Capriles may earn at the end of the performance period.