Armando Fleitas - May 9, 2024 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
EVP, Chief Accounting Officer
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Armando Fleitas
Stock symbol
AMTB
Transactions as of
May 9, 2024
Transactions value $
-$4,695
Form type
4
Date filed
5/15/2024, 06:21 PM
Previous filing
Feb 21, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +833 +7.44% $0.00 12K May 9, 2024 Direct F1
transaction AMTB Class A Common Stock Tax liability -$4.7K -203 -1.69% $23.13 11.8K May 9, 2024 Direct F2

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 Restricted Stock Units Options Exercise $0 -833 -33.32% $0.00 1.67K May 9, 2024 Class A Common Stock 833 $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F2 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.
F3 On May 9, 2023, Mr. Fleitas was awarded 2,500 restricted stock units in connection with his promotion to Executive Vice President. Each restricted stock unit represents the right to receive, following vesting, one share of Class A Common Stock. The restricted stock units will vest in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Fleitas remains in the continuous service of the Company or a subsidiary through each such date.