Juan Esterripa - 16 Feb 2024 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Feb 2024, 16:42:05 UTC
Prior SEC filing
26 Apr 2023
Next SEC filing
19 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Julio V. Pena, as Attorney-in-Fact for Juan Esterripa
Filing notes and source

Key filing fact

Juan Esterripa filed Form 4 for Amerant Bancorp Inc. (AMTB) on 21 Feb 2024.

Key facts

  • This page summarizes Juan Esterripa's Form 4 filing for Amerant Bancorp Inc. (AMTB).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 21 Feb 2024, 16:42.

Change

  • Previous filing in this sequence was filed on 26 Apr 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AMTB transaction Derivative

Restricted Stock Units LTI 2024

Award

Transaction value
$0
Shares
+8,920
Change %
Price
$0.000000
Shares after
8,920
Date
16 Feb 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
8,920
Exercise price
$0.000000
Footnotes
F1, F2
AMTB transaction Derivative

Performance Based Restricted Stock Units LTI 2024

Award

Transaction value
$0
Shares
+13,381
Change %
Price
$0.000000
Shares after
13,381
Date
16 Feb 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
13,381
Exercise price
$0.000000
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.

Footnote F2

On February 16, 2024, Mr. Esterripa was awarded 8,920 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. Esterripa remains in the continuous service of the Company or a subsidiary through each such date.

Footnote F3

Each performance-based restricted stock unit (PSUs) is the economic equivalent of one share of Class A Common Stock.

Footnote F4

PSUs awarded to Mr. Esterripa, 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. Esterripa may earn.

SEC remarks

SEVP, Head of Commercial Banking.

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