Miguel Palacios - 16 Feb 2023 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Reporting relationship: Executive Vice-President and Head of Commercial Banking
Issuer ticker: AMTB
Reported as of: 16 Feb 2023
Net transaction value: -$50,512
SEC form: 4
Accepted by SEC: 21 Feb 2023, 17:04:59 UTC
Prior SEC filing: 14 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Julio V. Pena, as Attorney-in-Fact for Miguel Palacios

Key filing fact

Miguel Palacios filed Form 4 for Amerant Bancorp Inc. (AMTB) on 21 Feb 2023.

Key facts

This page summarizes Miguel Palacios's Form 4 filing for Amerant Bancorp Inc. (AMTB).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 21 Feb 2023, 17:04.

Change

Previous filing in this sequence was filed on 14 Dec 2022.
Current net transaction value: -$50,512.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AMTB transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +4,436
Change %: +13%
Price: $0.000000
Shares after: 38,115
Date: 16 Feb 2023
Ownership: Direct
Footnotes: F1

AMTB transaction

Class A Common Stock

Tax liability

Transaction value: $50,512
Shares: -1,746
Change %: -4.6%
Price: $28.93
Shares after: 36,369
Date: 16 Feb 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AMTB transaction Derivative

Restricted Stock Units LTI 2021

Options Exercise

Transaction value: $0
Shares: -3,003
Change %: -50%
Price: $0.000000
Shares after: 3,003
Date: 16 Feb 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,003
Exercise price: $0.000000
Footnotes: F1, F3

AMTB transaction Derivative

Restricted Stock Units LTI 2022

Options Exercise

Transaction value: $0
Shares: -1,433
Change %: -33%
Price: $0.000000
Shares after: 2,867
Date: 16 Feb 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,433
Exercise price: $0.000000
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.

Footnote F2

This number reflects an aggregate of 1,746 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of the restricted stock units.

Footnote F3

On February 16, 2021, Mr. Palacios was awarded 9,009 restricted stock units under the 2021-2023 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. Palacios remains in the continuous service of the Company or a subsidiary through each such date.

Footnote F4

On February 16, 2022, Mr. Palacios was awarded 4,300 restricted stock units under the 2022-2024 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. Palacios remains in the continuous service of the Company or a subsidiary through each such date.

SEC remarks

Executive Vice-President and Head of Commercial Banking