Form 4 for AMTB Amerant Bancorp Inc.
Accepted 2024-02-21 00:00:00 ET · period of report 2024-02-16 · accession 0001368090-24-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-21 | 2024-02-16 | AMTB | Plush Gerald P | COB, Pres, CEO, Dir | F - Tax | $22.49 | -56.8K | 143.2K | -28% | -$1.28M |
| DM | 2024-02-21 | 2024-02-16 | AMTB | Plush Gerald P | COB, Pres, CEO, Dir | M - OptEx | $0.00 | +144.2K | 200.0K | +259% | $0 |
| DM | 2024-02-21 | 2024-02-16 | AMTB | Plush Gerald P | COB, Pres, CEO, Dir | M - OptEx | $0.00 | -144.2K | 12.4K | -92% | $0 |
| DM | 2024-02-21 | 2024-02-16 | AMTB | Plush Gerald P | COB, Pres, CEO, Dir | A - Grant | $0.00 | +54.0K | 28.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-02-16 | F | D | 56,762 | $22.49 | 143,212.12 | D | — | — | (F4) 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 and PSUs. |
| 2 | Common | Class A Common Stock | 2024-02-16 | M | A | 64,364 | $0.00 | 160,523.12 | D | — | — | (F3) Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. |
| 3 | Common | Class A Common Stock | 2024-02-16 | M | A | 40,428 | $0.00 | 96,159.12 | D | — | — | (F1) Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. (F2) Includes 66.37 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023. |
| 4 | Common | Class A Common Stock | 2024-02-16 | M | A | 39,451 | $0.00 | 199,974.12 | D | — | — | (F3) Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. |
| 5 | Derivative | Restricted Stock Units LTI 2021 | 2024-02-16 | M | D | 8,509 | $0.00 | 0 | D | $0.00 · — to — | 8,509 Class A Common Stock | (F1) Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. (F6) On February 16, 2021, Mr. Plush was awarded 25,525 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. |
| 6 | Derivative | Restricted Stock Units LTI 2022 | 2024-02-16 | M | D | 4,905 | $0.00 | 4,905 | D | $0.00 · — to — | 4,905 Class A Common Stock | (F1) Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. (F7) On February 16, 2022, Mr. Plush was awarded 14,714 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. |
| 7 | Derivative | Performance Based Restricted Stock Units | 2024-02-16 | M | D | 64,364 | $0.00 | 0 | D | $0.00 · — to — | 64,364 Class A Common Stock | (F3) Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. (F9) Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of this sign-on award, the total includes 100% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023. |
| 8 | Derivative | Performance Based Restricted Stock Units LTI 2021 | 2024-02-16 | M | D | 39,451 | $0.00 | 0 | D | $0.00 · — to — | 39,451 Class A Common Stock | (F3) Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. (F10) Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of the award, the total includes 150% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023. |
| 9 | Derivative | Restricted Stock Units LTI 2024 | 2024-02-16 | A | A | 25,611 | $0.00 | 25,611 | D | $0.00 · — to — | 25,611 Class A Common Stock | (F1) Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. (F11) On February 16, 2024, Mr. Plush was awarded 25,611 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. |
| 10 | Derivative | Restricted Stock Units | 2024-02-16 | M | D | 20,793 | $0.00 | 0 | D | $0.00 · — to — | 20,793 Class A Common Stock | (F1) Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. (F5) On February 16, 2021, Mr. Plush was awarded 62,377 RSUs in connection with a sign-on grant related to his appointment as Vice-Chairman and CEO. Each RSU 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. |
| 11 | Derivative | Performance Based Restricted Stock Units LTI 2024 | 2024-02-16 | A | A | 28,416 | $0.00 | 28,416 | D | $0.00 · — to — | 28,416 Class A Common Stock | (F3) Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. (F12) PSUs awarded to Mr. Plush, 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. Plush may earn. |
| 12 | Derivative | Restricted Stock Units LTI 2023 | 2024-02-16 | M | D | 6,221 | $0.00 | 12,444 | D | $0.00 · — to — | 6,221 Class A Common Stock | (F1) Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. (F8) On February 16, 2023, Mr. Plush was awarded 18,665 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. |