Sharymar Calderon - 18 Feb 2025 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Sharymar Calderon
Issuer symbol
AMTB
Transactions as of
18 Feb 2025
Net transactions value
-$27,535
Form type
4
Filing time
20 Feb 2025, 17:09:22 UTC
Previous filing
06 Aug 2024
Next filing
03 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +3,056 +41% $0.000000 10,572 18 Feb 2025 Direct F1, F2
transaction AMTB Class A Common Stock Tax liability $27,535 -1,155 -11% $23.84 9,417 18 Feb 2025 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 -14% $0.000000 5,038 18 Feb 2025 Class A Common Stock 833 $0.000000 Direct F1, F4, F5
transaction AMTB Restricted Stock Units LTI 2024 Options Exercise $0 -2,223 -33% $0.000000 4,446 18 Feb 2025 Class A Common Stock 2,223 $0.000000 Direct F1, F6
transaction AMTB Restricted Stock Units LTI 2025 Award $0 +7,471 $0.000000 7,471 18 Feb 2025 Class A Common Stock 7,471 $0.000000 Direct F1, F7
transaction AMTB Performance Based Restricted Stock Units LTI 2025 Award $0 +7,472 $0.000000 7,472 18 Feb 2025 Class A Common Stock 7,472 $0.000000 Direct F8, F9
* 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 55.21 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 29, 2024.
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 includes 834 and 4,204 unvested Restricted Stock Units awarded to Ms. Calderon on February 16, 2023 and June 1, 2023, respectively.
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 On February 18, 2025, Ms. Calderon was awarded 7,471 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.
F8 Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
F9 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 Adjusted Return on Average Total Common Equity at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee (the "Committee") futher modified by the achievement of specified Threshold, Target or Maximum levels set by the Committee of Relative Total Shareholder Return for a 3-year period beginning January 1, 2025 and ending on December 31, 2027, and in general can range from 40% to 180% of the PSUs. The number reported reflects the target number of PSUs Ms. Calderon may earn.