Juan Esterripa - 17 Apr 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
Issuer symbol
AMTB
Transactions as of
17 Apr 2024
Net transactions value
-$49,691
Form type
4
Filing time
19 Apr 2024, 16:40:28 UTC
Previous filing
21 Feb 2024
Next filing
17 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +9,806 +981% $0.000000 10,806 17 Apr 2024 Direct F1
transaction AMTB Class A Common Stock Tax liability $49,691 -2,389 -22% $20.80 8,417 17 Apr 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 -3,021 -33% $0.000000 6,043 17 Apr 2024 Class A Common Stock 3,021 $0.000000 Direct F1, F3
transaction AMTB Restricted Stock Units Options Exercise $0 -6,785 -33% $0.000000 13,571 17 Apr 2024 Class A Common Stock 6,785 $0.000000 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