Pedro Parra - Oct 1, 2024 Form 3 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Officer
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Pedro Parra
Stock symbol
AMTB
Transactions as of
Oct 1, 2024
Transactions value $
$0
Form type
3
Date filed
10/11/2024, 05:04 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AMTB Class A Common Stock 16.3K Oct 1, 2024 Direct F1

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
holding AMTB Restricted Stock Units LTI 2023 Oct 1, 2024 Class A Common Stock 667 Direct F2, F3
holding AMTB Restricted Stock Units LTI 2024 Oct 1, 2024 Class A Common Stock 1K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 15,441.53 shares of Class A common stock owned outright; and 834 unvested shares of Class A Common Stock granted to the reporting owner in the form of restricted stock on February 16, 2022 (the "Restricted Stock"). The unvested Restricted Stock will vest on February 16, 2025 (the remaining anniversary of the date of the grant), provided Mr. Parra remains in the continuous service of the Company or a subsidiary through such date.
F2 On February 16, 2023, Mr. Parra was awarded 1,000 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 Mr. Parra remains in the continuous service of the Company or a subsidiary through each such date.
F3 Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F4 On February 16, 2024, Mr. Parra was awarded 1,000 restricted stock units under the 2024-2026 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 Mr. Parra remains in the continuous service of the Company or a subsidiary through each such date.

Remarks:

Executive Vice-President and Head of International Banking. A power of attorney for Section 16 reporting obligations is attached as Exhibit 24.