Iafigliola Carlos 4
4 · Amerant Bancorp Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Amerant (AMTB) SEVP Carlos Iafigliola Receives RSU/PSU Award
What Happened
- Carlos Iafigliola, Senior EVP and Interim CEO of Amerant Bancorp (AMTB), had 3,942 restricted stock units (RSUs) vest on Feb 17, 2026 and those RSUs converted into 3,942 shares of Class A common stock. To satisfy tax withholding on the vesting, 960 shares were surrendered at $22.73 each for a cash value of $21,821. On the same date he was granted additional awards: 14,023 RSUs and 14,023 performance-based RSUs (PSUs, reported at target).
Key Details
- Transaction date: February 17, 2026 (report filed Feb 19, 2026 — timely).
- Vesting/conversion: 3,942 RSUs converted to shares (comprised of 1,608 and 2,334 installment vestings from prior 2023 and 2024 awards).
- Tax withholding: 960 shares surrendered to cover withholding at $22.73/share (total $21,821).
- New grants: 14,023 RSUs (time-based) and 14,023 PSUs (performance-based; target amount; actual payout may range ~40%–180% based on performance over 2026–2028 per filing).
- Shares owned after the reported transactions: not specified in the provided extract of the filing.
- Footnotes: RSUs/PSUs equal one share each on vesting; prior small ESPP purchases are noted in the filing; tax withholding was done via share surrender (routine).
Context
- This was primarily an award/vesting event (not an open-market sale). The surrender of 960 shares was a tax-withholding action — a common administrative step when RSUs vest — not an open-market directional sale. The PSU award is performance-contingent and may pay out at more or fewer shares than the target depending on future results.
Insider Transaction Report
Form 4
Iafigliola Carlos
See remarks
Transactions
- Exercise/Conversion
Class A Common Stock
[F1][F2]2026-02-17+3,942→ 19,905.61 total - Tax Payment
Class A Common Stock
[F3]2026-02-17$22.73/sh−960$21,821→ 18,945.61 total - Exercise/Conversion
Restricted Stock Units LTI 2023
[F1][F4]2026-02-17−1,608→ 0 totalExercise: $0.00→ Class A Common Stock (1,608 underlying) - Exercise/Conversion
Restricted Stock Units LTI 2024
[F1][F5]2026-02-17−2,334→ 2,335 totalExercise: $0.00→ Class A Common Stock (2,334 underlying) - Award
Restricted Stock Units LTI 2026
[F1][F6]2026-02-17+14,023→ 14,023 totalExercise: $0.00→ Class A Common Stock (14,023 underlying) - Award
Performance Based Restricted Stock Units LTI 2026
[F7][F8]2026-02-17+14,023→ 14,023 totalExercise: $0.00→ Class A Common Stock (14,023 underlying)
Footnotes (8)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
- [F2]Includes 130.86 and 132.98 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on May 30, 2025 and November 28, 2025, respectively.
- [F3]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.
- [F4]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. Since the anniversary of the date of grant was on Monday, February 16, 2026, a federal holiday, the vesting occurred on Tuesday, February 17, 2026, the next business day.
- [F5]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. Since the anniversary of the date of grant was on Monday, February 16, 2026, a federal holiday, the vesting occurred on Tuesday, February 17, 2026, the next business day.
- [F6]On February 17, 2026, Mr. Iafigliola was awarded 14,023 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]Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
- [F8]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 Adjusted Return on Average Tangible Common Equity at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee (the "Committee") further modified by the achievement of specified Threshold, Target or Maximum levels set by the Committee of Relative Total Shareholder Return for a 3-year period beginning January 1, 2026 and ending on December 31, 2028, and in general can range from 40% to 180% of the PSUs. The number reported reflects the target number of PSUs Mr. Iafigliola may earn.
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Carlos Iafigliola|2026-02-19