MORRISON PATRICIA 4
Research Summary
AI-generated summary
Amerant Bancorp (AMTB) Director Patricia Morrison Receives RSU Award
What Happened
- Patricia Morrison, a director of Amerant Bancorp (AMTB), was granted 2,885 restricted stock units (RSUs) on June 2, 2026. The Form 4 shows the award as a derivative grant (code A) with a reported acquisition price of $0.00. These RSUs are rights to receive Class A common shares upon vesting — no shares were sold or bought in this transaction.
Key Details
- Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (timely filing).
- Grant: 2,885 RSUs reported at $0.00 (derivative award).
- Shares owned after transaction: not specified in the filing.
- Footnotes: Each RSU equals one share of Class A Common Stock (F1). The award vests on the first anniversary of the grant (or after the 2027 annual meeting), provided the director remains in continuous service (F2).
- Transaction type: Award/grant (code A). No 10b5-1, tax-withholding, cash exercise, or sale reported.
Context
- RSUs are deferred-compensation awards that convert into shares only upon vesting; they do not represent immediate ownership or a market purchase. Such grants are common for board compensation and should not be interpreted alone as a buy/sell signal.