Braden Smith - 18 Feb 2025 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

On February 18, 2025, Mr. Smith was awarded 8,887 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 Mr. Smith remains in the continuous service of the Company or a subsidiary through each such date.

Footnote F3

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

Footnote F4

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