Armando Fleitas - Feb 16, 2024 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
EVP, Chief Accounting Officer
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Armando Fleitas
Stock symbol
AMTB
Transactions as of
Feb 16, 2024
Transactions value $
-$11,785
Form type
4
Date filed
2/21/2024, 05:31 PM
Previous filing
Jul 31, 2023
Next filing
May 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +833 +7.65% $0.00 11.7K Feb 16, 2024 Direct F1, F2
transaction AMTB Class A Common Stock Tax liability -$11.8K -524 -4.47% $22.49 11.2K Feb 16, 2024 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 2023 Options Exercise $0 -833 -33.32% $0.00 1.67K Feb 16, 2024 Class A Common Stock 833 $0.00 Direct F1, F4
transaction AMTB Restricted Stock Units LTI 2024 Award $0 +2.5K $0.00 2.5K Feb 16, 2024 Class A Common Stock 2.5K $0.00 Direct F1, F5
* 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 85.73 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.
F3 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 restricted stock and RSUs.
F4 On February 16, 2023, Mr. Fleitas was awarded 2,500 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. Fleitas remains in the continuous service of the Company or a subsidiary through each such date.
F5 On February 16, 2024, Mr. Fleitas was awarded 2,500 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. Fleitas remains in the continuous service of the Company or a subsidiary through each such date.