Sharymar Calderon - 16 Feb 2024 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
Issuer symbol: AMTB
Transactions as of: 16 Feb 2024
Net transactions value: -$9,131
Form type: 4
Filing time: 21 Feb 2024, 17:40:34 UTC
Previous filing: 31 Jul 2023
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	+833	+20%	$0.000000	4,970	16 Feb 2024	Direct	F1, F2
transaction	AMTB	Class A Common Stock	Tax liability	$9,131	-406	-8.2%	$22.49	4,564	16 Feb 2024	Direct	F3

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	-9.5%	$0.000000	7,973	16 Feb 2024	Class A Common Stock	833	$0.000000	Direct	F1, F4, F5
transaction	AMTB	Restricted Stock Units LTI 2024	Award	$0	+6,669		$0.000000	6,669	16 Feb 2024	Class A Common Stock	6,669	$0.000000	Direct	F1, F6
transaction	AMTB	Performance Based Restricted Stock Units LTI 2024	Award	$0	+10,005		$0.000000	10,005	16 Feb 2024	Class A Common Stock	10,005	$0.000000	Direct	F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
F2	Includes 68.58 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.
F3	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 restricted stock and RSUs.
F4	On February 16, 2023, Ms. Calderon 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 Ms. Calderon remains in the continuous service of the Company or a subsidiary through each such date.
F5	Balance also includes 6,306 unvested Restricted Stock Units awarded to Ms. Calderon on June 1, 2023.
F6	On February 16, 2024, Ms. Calderon was awarded 6,669 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 Ms. Calderon remains in the continuous service of the Company or a subsidiary through each such date.
F7	Each performance-based restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F8	PSUs awarded to Ms. Calderon, 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 Ms. Calderon may earn.