Armando Fleitas - 16 Feb 2023 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Senior Vice-President and Controller
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Armando Fleitas
Issuer symbol
AMTB
Transactions as of
16 Feb 2023
Net transactions value
-$8,592
Form type
4
Filing time
21 Feb 2023, 17:13:13 UTC
Previous filing
14 Dec 2022
Next filing
10 May 2023
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 Tax liability $8,592 -297 -2.7% $28.93 10,729 16 Feb 2023 Direct F1

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 2023 Award $0 +2,500 $0.000000 2,500 16 Feb 2023 Class A Common Stock 2,500 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number reflects an aggregate of 297 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock.
F2 Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F3 On February 16, 2023, Mr. Fleitas was awarded 2,500 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. Fleitas remains in the continuous service of the Company or a subsidiary through each such date.

Remarks:

Senior Vice-President and Controller