Howard A. Levine - Feb 16, 2024 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role: SEVP Head of Consumer Banking
Signature: /s/ Julio V. Pena, as Attorney-in-Fact for Howard A. Levine
Stock symbol: AMTB
Transactions as of: Feb 16, 2024
Transactions value $: -$11,245
Form type: 4
Date filed: 2/21/2024, 04:54 PM
Previous filing: Nov 30, 2023
Next filing: Jun 12, 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	+2.05K	+70.68%	$0.00	4.96K	Feb 16, 2024	Direct	F1, F2
transaction	AMTB	Class A Common Stock	Tax liability	-$11.2K	-500	-10.09%	$22.49	4.46K	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	-2.05K	-33.33%	$0.00	4.11K	Feb 16, 2024	Class A Common Stock	2.05K	$0.00	Direct	F1, F4
transaction	AMTB	Restricted Stock Units LTI 2024	Award	$0	+8.92K		$0.00	8.92K	Feb 16, 2024	Class A Common Stock	8.92K	$0.00	Direct	F1, F5
transaction	AMTB	Performance Based Restricted Stock Units LTI 2024	Award	$0	+13.4K		$0.00	13.4K	Feb 16, 2024	Class A Common Stock	13.4K	$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 ("RSU") is the economic equivalent of one share of Class A Common Stock.
F2	Includes 827.29 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 RSUs.
F4	On February 16, 2023, Mr. Levine was awarded 6,157 RSUs, each representsing 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. Levine remains in the continuous service of the Company or a subsidiary through each such date.
F5	On February 16, 2024, Mr. Levine was awarded 8,920 RSUs, each representsing 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. Levine remains in the continuous service of the Company or a subsidiary through each such date.
F6	Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
F7	PSUs awarded to Mr. Levine, 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. Levine may earn.