Form 4 for AMTB Amerant Bancorp Inc.
Accepted 2023-02-21 00:00:00 ET · period of report 2023-02-16 · accession 0001746248-23-000002 · 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 | 2023-02-21 | 2023-02-16 | AMTB | Palacios Miguel | See Remarks | F - Tax | $28.93 | -1,746 | 36.4K | -5% | -$50.5K |
| D | 2023-02-21 | 2023-02-16 | AMTB | Palacios Miguel | See Remarks | M - OptEx | $0.00 | +4,436 | 38.1K | +13% | $0 |
| DM | 2023-02-21 | 2023-02-16 | AMTB | Palacios Miguel | See Remarks | M - OptEx | $0.00 | -4,436 | 3,003 | -60% | $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 | 2023-02-16 | F | D | 1,746 | $28.93 | 36,368.75 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2023-02-16 | M | A | 4,436 | $0.00 | 38,114.75 | D | — | — | (F1) Each restricted stock unit is the economic equivalent of one share of Class A Common Stock. |
| 3 | Derivative | Restricted Stock Units LTI 2022 | 2023-02-16 | M | D | 1,433 | $0.00 | 2,867 | D | $0.00 · — to — | 1,433 Class A Common Stock | (F1) Each restricted stock unit is the economic equivalent of one share of Class A Common Stock. (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. |
| 4 | Derivative | Restricted Stock Units LTI 2021 | 2023-02-16 | M | D | 3,003 | $0.00 | 3,003 | D | $0.00 · — to — | 3,003 Class A Common Stock | (F1) Each restricted stock unit is the economic equivalent of one share of Class A Common Stock. (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. |