JOHN QUELCH - 07 Jun 2023 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
Director
Signature
/s/ Julio Pena, as Attorney-in-Fact for John A. Quelch
Issuer symbol
AMTB
Transactions as of
07 Jun 2023
Net transactions value
$0
Form type
4
Filing time
09 Jun 2023, 12:52:10 UTC
Previous filing
10 Jun 2022
Next filing
27 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMTB Class A Common Stock Options Exercise $0 +1,725 +345% $0.000000 2,225 09 Jun 2023 Direct F1

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 Award $0 +2,892 +168% $0.000000 4,617 07 Jun 2023 Class A Common Stock 2,892 $0.000000 Direct F1, F2
transaction AMTB Restricted Stock Units Options Exercise $0 -1,725 -37% $0.000000 2,892 09 Jun 2023 Class A Common Stock 1,725 $0.000000 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 On June 7, 2023, the reporting person was granted 2,892 restricted stock units. Such restricted stock unit award will vest on the first anniversary of the date of the grant, provided that the reporting person remains in continuous service of the Company as a Director through the annual meeting of the shareholders of the Company to be held in 2024. Each restricted stock unit represents a right to receive one share of Class A Common Stock upon vesting.
F3 On June 9, 2022, the reporting person was granted 1,725 restricted stock units vesting on the first anniversary of the grant date.