Alberto Capriles - 16 Feb 2024 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
Issuer symbol: AMTB
Transactions as of: 16 Feb 2024
Net transactions value: -$141,552
Form type: 4
Filing time: 21 Feb 2024, 17:43:18 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	+5,129	+25%	$0.000000	25,512	16 Feb 2024	Direct	F1, F2
transaction	AMTB	Class A Common Stock	Options Exercise	$0	+10,863	+43%	$0.000000	36,375	16 Feb 2024	Direct	F3
transaction	AMTB	Class A Common Stock	Tax liability	$141,552	-6,294	-17%	$22.49	30,081	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 LTI 2021	Options Exercise	$0	-2,340	-100%	$0.000000^*	0	16 Feb 2024	Class A Common Stock	2,340	$0.000000	Direct	F1, F5
transaction	AMTB	Restricted Stock Units LTI 2022	Options Exercise	$0	-1,217	-50%	$0.000000	1,217	16 Feb 2024	Class A Common Stock	1,217	$0.000000	Direct	F1, F6
transaction	AMTB	Restricted Stock Units LTI 2023	Options Exercise	$0	-1,572	-33%	$0.000000	3,146	16 Feb 2024	Class A Common Stock	1,572	$0.000000	Direct	F1, F7
transaction	AMTB	Performance Based Restricted Stock Units LTI 2021	Options Exercise	$0	-10,863	-100%	$0.000000^*	0	16 Feb 2024	Class A Common Stock	10,863	$0.000000	Direct	F3, F8
transaction	AMTB	Restricted Stock Units LTI 2024	Award	$0	+6,249		$0.000000	6,249	16 Feb 2024	Class A Common Stock	6,249	$0.000000	Direct	F1, F9
transaction	AMTB	Performance Based Restricted Stock Units LTI 2024	Award	$0	+9,373		$0.000000	9,373	16 Feb 2024	Class A Common Stock	9,373	$0.000000	Direct	F3, F10

* 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 428.65 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. Capriles was awarded 7,019 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. Capriles remains in the continuous service of the Company or a subsidiary through each such date.
F6	On February 16, 2022, Mr. Capriles was awarded 3,650 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. Capriles remains in the continuous service of the Company or a subsidiary through each such date.
F7	On February 16, 2023, Mr. Capriles was awarded 4,718 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. Capriles remains in the continuous service of the Company or a subsidiary through each such date.
F8	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.
F9	On February 16, 2024, Mr. Capriles was awarded 6,249 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. Capriles remains in the continuous service of the Company or a subsidiary through each such date.
F10	PSUs awarded to Mr. Capriles, 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. Capriles may earn.