Form 4 for AMTB Amerant Bancorp Inc.
Accepted 2024-02-21 00:00:00 ET · period of report 2024-02-16 · accession 0001963089-24-000002 · 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 | Sanchez Mariola | SEVP CHRO | M - OptEx | $0.00 | +1,228 | 13.4K | +10% | $0 |
| D | 2024-02-21 | 2024-02-16 | AMTB | Sanchez Mariola | SEVP CHRO | F - Tax | $22.49 | -677 | 12.7K | -5% | -$15.2K |
| D | 2024-02-21 | 2024-02-16 | AMTB | Sanchez Mariola | SEVP CHRO | M - OptEx | $0.00 | -1,228 | 2,458 | -33% | $0 |
| DM | 2024-02-21 | 2024-02-16 | AMTB | Sanchez Mariola | SEVP CHRO | A - Grant | $0.00 | +12.7K | 5,097 | 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 | M | A | 1,228 | $0.00 | 13,416.12 | 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. |
| 2 | Common | Class A Common Stock | 2024-02-16 | F | D | 677 | $22.49 | 12,739.12 | D | — | — | (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 restricted stock and RSUs. |
| 3 | Derivative | Restricted Stock Units LTI 2023 | 2024-02-16 | M | D | 1,228 | $0.00 | 2,458 | D | $0.00 · — to — | 1,228 Class A Common Stock | (F1) Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. (F4) On February 16, 2023, Mrs. Sanchez was awarded 3,686 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 Mrs. Sanchez remains in the continuous service of the Company or a subsidiary through each such date. |
| 4 | Derivative | Performance Based Restricted Stock Units LTI 2024 | 2024-02-16 | A | A | 7,647 | $0.00 | 7,647 | D | $0.00 · — to — | 7,647 Class A Common Stock | (F6) Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. (F7) PSUs awarded to Mrs. Sanchez, 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 Mrs. Sanchez may earn. |
| 5 | Derivative | Restricted Stock Units LTI 2024 | 2024-02-16 | A | A | 5,097 | $0.00 | 5,097 | D | $0.00 · — to — | 5,097 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, 2024, Mrs. Sanchez was awarded 5,097 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 Mrs. Sanchez remains in the continuous service of the Company or a subsidiary through each such date. |