Marturet M. Gustavo 4
Research Summary
AI-generated summary
Amerant (AMTB) Director Gustavo Marturet Converts 3,761 RSUs to Shares
What Happened
Gustavo Marturet, a director of Amerant Bancorp (AMTB), had 3,761 restricted stock units (RSUs) vest on May 7, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) that resulted in acquisition of 3,761 shares at $0.00 and a simultaneous disposition of 3,761 shares at $0.00. The $0.00 price reflects conversion on vesting (no cash exercise price reported).
Key Details
- Transaction date: 2026-05-07; Form 4 filed with the SEC on 2026-05-11.
- Transaction type/code: RSU vesting / conversion of derivative (SEC code M).
- Shares acquired: 3,761 at $0.00; Shares disposed: 3,761 at $0.00.
- Shares owned after transaction: not specified in the provided extract.
- Footnotes: F1 — each RSU equals one share; F3 — these RSUs were granted 5/7/2025 and vested one year later; F2 — the reported shares consist of shares held by trusts/companies under common control/for benefit of Marturet family members.
- No dollar value or cash paid reported in this filing.
Context
This was a routine RSU vesting and conversion to shares, not an open-market buy or sale. The simultaneous disposition and footnote about family trusts suggest the shares were transferred to entities under common family control rather than sold on the market. Such vesting/conversion events are common and do not by themselves indicate the insider’s view of the company’s stock.