Palacios Miguel 4
4 · Amerant Bancorp Inc. · Filed Feb 21, 2023
Insider Transaction Report
Form 4
Palacios Miguel
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Units LTI 2022
2023-02-16−1,433→ 2,867 totalExercise: $0.00→ Class A Common Stock (1,433 underlying) - Exercise/Conversion
Class A Common Stock
2023-02-16+4,436→ 38,114.75 total - Tax Payment
Class A Common Stock
2023-02-16$28.93/sh−1,746$50,512→ 36,368.75 total - Exercise/Conversion
Restricted Stock Units LTI 2021
2023-02-16−3,003→ 3,003 totalExercise: $0.00→ Class A Common Stock (3,003 underlying)
Footnotes (4)
- [F1]Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
- [F2]This number reflects an aggregate of 1,746 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of the restricted stock units.
- [F3]On February 16, 2021, Mr. Palacios was awarded 9,009 restricted stock units under the 2021-2023 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each restricted stock unit 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. Palacios remains in the continuous service of the Company or a subsidiary through each such date.
- [F4]On February 16, 2022, Mr. Palacios was awarded 4,300 restricted stock units under the 2022-2024 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each restricted stock unit 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. Palacios remains in the continuous service of the Company or a subsidiary through each such date.