Sharymar Calderon - Jun 1, 2023 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
EVP - Chief Financial Officer
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Sharymar Calderon
Stock symbol
AMTB
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/5/2023, 05:14 PM
Next filing
Jul 31, 2023

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 Award $0 +5.61K $0.00 5.61K Jun 1, 2023 Class A Common Stock 5.61K $0.00 Direct F1, F2
transaction AMTB Restricted Stock Units LTI 2023 Award $0 +6.31K +252.24% $0.00 8.81K Jun 1, 2023 Class A Common Stock 6.31K $0.00 Direct F1, F3, F4
transaction AMTB Performance Based Restricted Stock Units LTI 2023 Award $0 +9.46K $0.00 9.46K Jun 1, 2023 Class A Common Stock 9.46K $0.00 Direct F5, F6
* 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 On June 1, 2023, Ms. Calderon was awarded 5,605 restricted stock units in connection with a sign-on grant related to Ms. Calderon's appointment as Executive Vice-President and Chief Financial Officer. Each restricted stock unit represents the right to receive, following vesting, one share of Class A Common Stock. The restricted stock units will vest in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Ms. Calderon remains in the continuous service of the Company or a subsidiary through each such date
F3 On June 1, 2023, Ms. Calderon was awarded 6,306 restricted stock units under the 2023-2025 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each restricted stock unit represents 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 Ms. Calderon remains in the continuous service of the Company or a subsidiary through each such date.
F4 Includes 2,500 unvested Restricted Stock Units awarded to Ms. Calderon on February 16, 2023.
F5 Each performance based restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F6 Performance-based restricted stock units awarded to Ms. Calderon under the 2023-2025 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each performance-based restricted stock unit represents the right to receive, following vesting, one share of Class A common stock. The actual number of performance-based restricted stock units 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, 2023 and ending on December 31, 2025, and in general can range from 50% of the performance based restricted stock units to 150% of the performance based restricted stock units. The number of performance based restricted stock units reported reflects the maximum number of performance based restricted stock units Ms. Calderon may earn at the end of the performance period.