Howard A. Levine - 16 Feb 2024 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Footnote F1

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

Footnote F2

Includes 827.29 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.

Footnote 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 RSUs.

Footnote F4

On February 16, 2023, Mr. Levine was awarded 6,157 RSUs, each representsing 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. Levine remains in the continuous service of the Company or a subsidiary through each such date.

Footnote F5

On February 16, 2024, Mr. Levine was awarded 8,920 RSUs, each representsing 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. Levine remains in the continuous service of the Company or a subsidiary through each such date.

Footnote F6

Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.

Footnote F7

PSUs awarded to Mr. Levine, 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 Mr. Levine may earn.