Howard A. Levine - Jun 10, 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: Jun 10, 2024
Transactions value $: -$8,984
Form type: 4
Date filed: 6/12/2024, 05:08 PM
Previous filing: Feb 21, 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	+1.73K	+33.29%	$0.00	6.91K	Jun 10, 2024	Direct	F1, F2
transaction	AMTB	Class A Common Stock	Tax liability	-$8.98K	-421	-6.1%	$21.34	6.49K	Jun 10, 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	Options Exercise	$0	-1.73K	-50%	$0.00	1.73K	Jun 10, 2024	Class A Common Stock	1.73K	$0.00	Direct	F1, F4

* 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 726.07 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on May 31, 2024.
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 June 8, 2022, Mr. Levine was awarded 5,175 RSUs. Each RSU represents the right to receive, following vesting, one share of Class A Common Stock. The RSUs vest 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. Since the second anniversary of the date of grant was on Saturday, June 8, 2024, the vesting ocurred on Monday, June 10, 2024, the next business day.