Sharymar Calderon - Jun 3, 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
Stock symbol
AMTB
Transactions as of
Jun 3, 2024
Transactions value $
-$21,429
Form type
4
Date filed
6/5/2024, 05:42 PM
Previous filing
Jun 17, 2024
Next filing
Aug 6, 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 +3.97K +86.99% $0.00 8.53K Jun 3, 2024 Direct F1
transaction AMTB Class A Common Stock Tax liability -$21.4K -967 -11.33% $22.16 7.57K Jun 3, 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 Options Exercise $0 -1.87K -33.33% $0.00 3.74K Jun 3, 2024 Class A Common Stock 1.87K $0.00 Direct F1, F3
transaction AMTB Restricted Stock Units LTI 2023 Options Exercise $0 -2.1K -26.36% $0.00 5.87K Jun 3, 2024 Class A Common Stock 2.1K $0.00 Direct F1, F4, F5
* 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 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 June 1, 2023, Ms. Calderon was awarded 5,605 RSUs in connection with a sign-on grant related to Ms. Calderon's appointment as Executive Vice-President and Chief Financial Officer. Each RSU represents the right to receive, following vesting, one share of Class A Common Stock. The RSUs 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. Since the first anniversary of the date of grant was on Saturday, June 1, 2024, the vesting ocurred on Monday, June 3, 2024, the next business day.
F4 On June 1, 2023, Ms. Calderon was awarded 6,306 RSUs under the 2023-2025 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each RSU 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. Since the first anniversary of the date of grant was on Saturday, June 1, 2024, the vesting ocurred on Monday, June 3, 2024, the next business day.
F5 Includes 1,667 unvested RSUs awarded to Ms. Calderon on February 16, 2023.