Plush Gerald P 4

Accession 0001368090-24-000002

CIK 0001734342other

View on SEC.gov Company Profile

Filed

Feb 20, 7:00 PM ET

Accepted

Feb 21, 5:52 PM ET

Size

29.6 KB

Accession

0001368090-24-000002

Insider Transaction Report

Form 4

Period: 2024-02-16

Amerant Bancorp Inc.AMTB

Plush Gerald P

DirectorChairman, President & CEO

Transactions

Exercise/Conversion
Performance Based Restricted Stock Units LTI 2021
2024-02-16−39,451→ 0 total
Exercise: $0.00→ Class A Common Stock (39,451 underlying)
Exercise/Conversion
Class A Common Stock
2024-02-16+64,364→ 160,523.12 total
Exercise/Conversion
Class A Common Stock
2024-02-16+40,428→ 96,159.12 total
Exercise/Conversion
Class A Common Stock
2024-02-16+39,451→ 199,974.12 total
Exercise/Conversion
Restricted Stock Units
2024-02-16−20,793→ 0 total
Exercise: $0.00→ Class A Common Stock (20,793 underlying)
Exercise/Conversion
Restricted Stock Units LTI 2021
2024-02-16−8,509→ 0 total
Exercise: $0.00→ Class A Common Stock (8,509 underlying)
Exercise/Conversion
Performance Based Restricted Stock Units
2024-02-16−64,364→ 0 total
Exercise: $0.00→ Class A Common Stock (64,364 underlying)
Award
Restricted Stock Units LTI 2024
2024-02-16+25,611→ 25,611 total
Exercise: $0.00→ Class A Common Stock (25,611 underlying)
Tax Payment
Class A Common Stock
2024-02-16$22.49/sh−56,762$1,276,577→ 143,212.12 total
Exercise/Conversion
Restricted Stock Units LTI 2022
2024-02-16−4,905→ 4,905 total
Exercise: $0.00→ Class A Common Stock (4,905 underlying)
Exercise/Conversion
Restricted Stock Units LTI 2023
2024-02-16−6,221→ 12,444 total
Exercise: $0.00→ Class A Common Stock (6,221 underlying)
Award
Performance Based Restricted Stock Units LTI 2024
2024-02-16+28,416→ 28,416 total
Exercise: $0.00→ Class A Common Stock (28,416 underlying)

Footnotes (12)

[F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
[F10]Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of the award, the total includes 150% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023.
[F11]On February 16, 2024, Mr. Plush was awarded 25,611 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 Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
[F12]PSUs awarded to Mr. Plush, 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 Mr. Plush may earn.
[F2]Includes 66.37 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.
[F3]Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
[F4]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 and PSUs.
[F5]On February 16, 2021, Mr. Plush was awarded 62,377 RSUs in connection with a sign-on grant related to his appointment as Vice-Chairman and CEO. Each RSU represents 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 Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
[F6]On February 16, 2021, Mr. Plush was awarded 25,525 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 Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
[F7]On February 16, 2022, Mr. Plush was awarded 14,714 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 Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
[F8]On February 16, 2023, Mr. Plush was awarded 18,665 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 Mr. Plush remains in the continuous service of the Company or a subsidiary through each such date.
[F9]Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of this sign-on award, the total includes 100% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023.

Documents

1 file

4
wk-form4_1708555871.xmlPrimary
FORM 4

Issuer

Amerant Bancorp Inc.

CIK 0001734342

→

Entity typeother

Related Parties

filerCIK 0001368090

Filing Metadata

Form type: 4
Filed: Feb 20, 7:00 PM ET
Accepted: Feb 21, 5:52 PM ET
Size: 29.6 KB

View on SEC.gov