Alfonso Figueredo - Jun 30, 2021 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Officer
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Alfonso Figueredo
Stock symbol
AMTB
Transactions as of
Jun 30, 2021
Transactions value $
-$25,934
Form type
4
Date filed
7/2/2021, 04:28 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +1.73K +2.16% $0.00 81.9K Jun 30, 2021 Direct F1
transaction AMTB Class A Common Stock Tax liability -$25.9K -1.21K -1.65% $21.38 72.3K Jun 30, 2021 Direct F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMTB Performance Based Restricted Stock Units Options Exercise $0 -1.73K -100% $0.00* 0 Jun 30, 2021 Class A Common Stock 1.73K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Alfonso Figueredo is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On February 16, 2021, Mr. Figueredo was awarded performance based restricted stock units ("PSUs") with an opportunity to earn a maximum of 14,594 PSUs, representing the right to receive, following vesting, one share of Class A common stock. The actual number of PSUs earned was subject to the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation Committee for a 3-year period beginning January 1, 2021 and ending on December 31, 2023. On June 30, 2021, Mr. Figueredo retired from his position as President and Chief Operating Officer of the Company and, in accordance with the Performance Based Restricted Stock Unit Agreement dated February 16, 2021 by and between the Company and Mr. Figueredo, 1,729 PSUs vested on June 30, 2021 and Mr. Figueredo forfeited the opportunity to earn any additional PSUs.
F2 On February 16, 2021, Mr. Figueredo was awarded 9,729 time-based restricted stock units ("RSUs") under the 2021-2023 Long Term Incentive Plan. Each RSU represented the right to receive, following vesting, one share of Class A common stock. On June 30, 2021, Mr. Figueredo retired from his position as President and Chief Operating Officer of the Company and in accordance with the Restricted Stock Unit Agreement dated February 16, 2021 by and between the Company and Mr. Figueredo, 1,351 RSUs vested on June 30, 2021 and Mr. Figueredo forfeited 8,378 RSUs.
F3 This number reflects an aggregate of 1,213 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the settlement of shares of class A Common Stock related to the vesting of PSUs and RSUs.
F4 The balance reflects the deduction of the 8,378 RSUs forfeited by Mr. Figueredo