Almeida Odilon 4

What Happened

• Odilon Almeida, a director of Amerant Bancorp (AMTB), reported the conversion/vesting of 3,761 restricted stock units (RSUs) into 3,761 shares of Class A common stock on May 7, 2026. The Form 4 shows an exercise/conversion entry (transaction code M) acquiring 3,761 shares at a reported price of $0.00 and a corresponding disposition of 3,761 derivative units at $0.00. This was not a sale—rather, it reflects RSUs vesting and converting into underlying shares.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within the normal two-business-day window).
• Reported amounts: 3,761 shares acquired via conversion @ $0.00; 3,761 derivative units disposed @ $0.00 (reflecting conversion of the RSU award).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 clarifies each RSU equals one Class A share; F2 notes the RSUs were granted on May 7, 2025 and vest on the first anniversary provided continued service as a director.
• No 10b5-1 plan, tax-withholding share surrender, or sale was reported in this filing.

Context

• This transaction is a vesting/conversion of RSUs (award becoming shares), not a cash purchase or an open-market sale. Such conversions are routine when equity awards vest and do not by themselves indicate a buy or sell decision by the insider. The Form 4 timing appears timely based on the filing and transaction dates.