4//SEC Filing
Figueredo Alfonso 4
Accession 0001746239-21-000006
CIK 0001734342other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 4:28 PM ET
Size
10.0 KB
Accession
0001746239-21-000006
Insider Transaction Report
Form 4
Figueredo Alfonso
See Remarks
Transactions
- Tax Payment
Class A Common Stock
2021-06-30$21.38/sh−1,213$25,934→ 72,288 total - Exercise/Conversion
Class A Common Stock
2021-06-30+1,729→ 81,879 total - Exercise/Conversion
Performance Based Restricted Stock Units
2021-06-30−1,729→ 0 totalExercise: $0.00→ Class A Common Stock (1,729 underlying)
Footnotes (4)
- [F1]On February 16, 2021, Mr. Figueredo was awarded performance based restricted stock units ("PSUs") with an opportunity to earn a maximum of 14,594 PSUs, representing the right to receive, following vesting, one share of Class A common stock. The actual number of PSUs earned was subject to the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation Committee for a 3-year period beginning January 1, 2021 and ending on December 31, 2023. On June 30, 2021, Mr. Figueredo retired from his position as President and Chief Operating Officer of the Company and, in accordance with the Performance Based Restricted Stock Unit Agreement dated February 16, 2021 by and between the Company and Mr. Figueredo, 1,729 PSUs vested on June 30, 2021 and Mr. Figueredo forfeited the opportunity to earn any additional PSUs.
- [F2]On February 16, 2021, Mr. Figueredo was awarded 9,729 time-based restricted stock units ("RSUs") under the 2021-2023 Long Term Incentive Plan. Each RSU represented the right to receive, following vesting, one share of Class A common stock. On June 30, 2021, Mr. Figueredo retired from his position as President and Chief Operating Officer of the Company and in accordance with the Restricted Stock Unit Agreement dated February 16, 2021 by and between the Company and Mr. Figueredo, 1,351 RSUs vested on June 30, 2021 and Mr. Figueredo forfeited 8,378 RSUs.
- [F3]This number reflects an aggregate of 1,213 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the settlement of shares of class A Common Stock related to the vesting of PSUs and RSUs.
- [F4]The balance reflects the deduction of the 8,378 RSUs forfeited by Mr. Figueredo
Documents
Issuer
Amerant Bancorp Inc.
CIK 0001734342
Entity typeother
Related Parties
1- filerCIK 0001746239
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 4:28 PM ET
- Size
- 10.0 KB