Silvio Marshall Martin - Aug 31, 2023 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Silvio Marshall Martin
Stock symbol
AMTB
Transactions as of
Aug 31, 2023
Transactions value $
-$4,293
Form type
4
Date filed
2/21/2024, 05:27 PM
Previous filing
Jul 31, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Small acquisition under Rule 16a-6 $136 +7.2 +0.11% $18.91 6.29K Aug 31, 2023 Direct F1, F2
transaction AMTB Class A Common Stock Small acquisition under Rule 16a-6 $137 +6.49 +0.1% $21.06 6.29K Nov 30, 2023 Direct F1
transaction AMTB Class A Common Stock Options Exercise $0 +833 +13.23% $0.00 7.13K Feb 16, 2024 Direct F3
transaction AMTB Class A Common Stock Tax liability -$4.57K -203 -2.85% $22.49 6.92K Feb 16, 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 2023 Options Exercise $0 -833 -22.21% $0.00 2.92K Feb 16, 2024 Class A Common Stock 833 $0.00 Direct F3, F5
transaction AMTB Restricted Stock Units LTI 2024 Award $0 +9K $0.00 9K Feb 16, 2024 Class A Common Stock 9K $0.00 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired under a dividend reinvestment plan that is sponsored by the broker-dealer where the reporting person maintains a personal brokerage account.
F2 Includes 827.29 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.
F3 Each restricted stock unit ("RSU") 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.
F5 On February 16, 2023, Mr. Martin 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. Martin remains in the continuous service of the Company or a subsidiary through each such date.
F6 On February 16, 2024, Mr. Martin was awarded 9,000 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. Martin remains in the continuous service of the Company or a subsidiary through each such date.