Dana Pamella J 4
Research Summary
AI-generated summary
Amerant (AMTB) Director Dana Pamella J Receives 3,761 Shares Upon RSU Vest
What Happened
Dana Pamella J, a director of Amerant Bancorp (AMTB), reported conversion/vesting of 3,761 restricted stock units (RSUs) into 3,761 shares on May 7, 2026. The Form 4 shows an acquisition of 3,761 shares at $0.00 and a simultaneous disposition of 3,761 shares at $0.00 (both coded M for exercise/conversion of a derivative). No cash value was reported for these entries.
Key Details
- Transaction date: 2026-05-07 (reported on Form 4 filed 2026-05-11) — filing appears timely.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion).
- Shares acquired: 3,761 at $0.00; Shares disposed: 3,761 at $0.00.
- Shares owned after the transaction: not specified in the excerpt provided.
- Footnotes: F1 — each RSU = one share of Class A common stock. F2 — these 3,761 RSUs were granted on May 7, 2025 and vest on the first anniversary if the director remains in service.
Context
- This reporting pattern (conversion at $0 and immediate disposition at $0) is consistent with RSUs vesting and being converted to shares; the filing does not state the reason for the simultaneous disposal. Common reasons for similar entries include net settlement or transfer to cover taxes, but the Form 4 here does not specify.
- Because this was a conversion/vesting event rather than an open-market purchase or sale, it does not by itself signal an active buy or sell decision by the insider.