Juan Esterripa - Apr 17, 2024 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Senior Executive Vice President and Head of Commercial Banking
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Juan Esterripa
Stock symbol
AMTB
Transactions as of
Apr 17, 2024
Transactions value $
-$49,691
Form type
4
Date filed
4/19/2024, 04:40 PM
Previous filing
Feb 21, 2024
Next filing
Jun 17, 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 +9.81K +980.6% $0.00 10.8K Apr 17, 2024 Direct F1
transaction AMTB Class A Common Stock Tax liability -$49.7K -2.39K -22.11% $20.80 8.42K Apr 17, 2024 Direct F2

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 -3.02K -33.33% $0.00 6.04K Apr 17, 2024 Class A Common Stock 3.02K $0.00 Direct F1, F3
transaction AMTB Restricted Stock Units Options Exercise $0 -6.79K -33.33% $0.00 13.6K Apr 17, 2024 Class A Common Stock 6.79K $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 is the economic equivalent of one share of Class A Common Stock.
F2 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.
F3 On April 17, 2023, Mr. Esterripa was awarded 9,064 restricted stock units ("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.
F4 On April 17, 2023, Mr. Esterripa was awarded 20,356 RSUs in connection with a sign-on grant related to Mr. Esterripa's appointment as Senior Executive Vice-President and Head of Commercial Banking. Each RSU represents the right to receive, following vesting, one share of Class A Common Stock. The award vest 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.

Remarks:

Senior Executive Vice President and Head of Commercial Banking