Iafigliola Carlos 4

Accession 0001806810-24-000002

CIK 0001734342other

View on SEC.gov Company Profile

Filed

Feb 20, 7:00 PM ET

Accepted

Feb 21, 5:46 PM ET

Size

25.7 KB

Accession

0001806810-24-000002

Insider Transaction Report

Form 4

Period: 2024-02-16

Amerant Bancorp Inc.AMTB

Iafigliola Carlos

SEVP Chief Operating Officer

Transactions

Exercise/Conversion
Class A Common Stock
2024-02-16+6,142→ 16,535.39 total
Award
Performance Based Restricted Stock Units LTI 2024
2024-02-16+10,504→ 10,504 total
Exercise: $0.00→ Class A Common Stock (10,504 underlying)
Exercise/Conversion
Restricted Stock Units LTI 2022
2024-02-16−1,250→ 1,250 total
Exercise: $0.00→ Class A Common Stock (1,250 underlying)
Exercise/Conversion
Restricted Stock Units LTI 2023
2024-02-16−1,607→ 3,215 total
Exercise: $0.00→ Class A Common Stock (1,607 underlying)
Exercise/Conversion
Performance Based Restricted Stock Units LTI 2021
2024-02-16−10,593→ 0 total
Exercise: $0.00→ Class A Common Stock (10,593 underlying)
Exercise/Conversion
Restricted Stock Units
2024-02-16−1,000→ 1,000 total
Exercise: $0.00→ Class A Common Stock (1,000 underlying)
Exercise/Conversion
Class A Common Stock
2024-02-16+10,593→ 27,128.39 total
Tax Payment
Class A Common Stock
2024-02-16$22.49/sh−6,588$148,164→ 20,540.39 total
Exercise/Conversion
Restricted Stock Units LTI 2021
2024-02-16−2,285→ 0 total
Exercise: $0.00→ Class A Common Stock (2,285 underlying)
Award
Restricted Stock Units LTI 2024
2024-02-16+7,003→ 7,003 total
Exercise: $0.00→ Class A Common Stock (7,003 underlying)

Footnotes (11)

[F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
[F10]On February 16, 2024, Mr. Iafigliola was awarded 7,003 RSUs, each representing 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
[F11]PSUs awarded to Mr. Iafigliola, each representing the right to receive, following vesting, one share of Class A Common Stock. The actual number of PSUs earned shall be based on the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee for a 3-year period beginning January 1, 2024 and ending on December 31, 2026, and in general can range from 50% to 150% of the PSUs. The number reported reflects the maximum number of PSUs Mr. Iafigliola may earn.
[F2]Includes 128.59 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.
[F3]Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
[F4]Reflects the shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of RSUs and PSUs.
[F5]On February 16, 2021, Mr. Iafigliola was awarded 6,854 RSUs, each representing 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
[F6]On February 16, 2022, Mr. Iafigliola was awarded 3,750 RSUs, each representing 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
[F7]On February 16, 2022, Mr. Iafigliola was awarded 3,000 RSUs as a one-time special recognition and retention award. Each RSU 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
[F8]On February 16, 2023, Mr. Iafigliola was awarded 4,822 RSUs, each representing 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
[F9]Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of the award, the total includes 150% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023.

Documents

1 file

4
wk-form4_1708555535.xmlPrimary
FORM 4

Issuer

Amerant Bancorp Inc.

CIK 0001734342

→

Entity typeother

Related Parties

filerCIK 0001806810

Filing Metadata

Form type: 4
Filed: Feb 20, 7:00 PM ET
Accepted: Feb 21, 5:46 PM ET
Size: 25.7 KB

View on SEC.gov