4//SEC Filing
Levine Howard A. 4
Accession 0001933821-24-000002
CIK 0001734342other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:54 PM ET
Size
14.3 KB
Accession
0001933821-24-000002
Insider Transaction Report
Form 4
Levine Howard A.
See remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2024-02-16+2,052→ 4,955.29 total - Tax Payment
Class A Common Stock
2024-02-16$22.49/sh−500$11,245→ 4,455.29 total - Exercise/Conversion
Restricted Stock Units LTI 2023
2024-02-16−2,052→ 4,105 totalExercise: $0.00→ Class A Common Stock (2,052 underlying) - Award
Restricted Stock Units LTI 2024
2024-02-16+8,920→ 8,920 totalExercise: $0.00→ Class A Common Stock (8,920 underlying) - Award
Performance Based Restricted Stock Units LTI 2024
2024-02-16+13,381→ 13,381 totalExercise: $0.00→ Class A Common Stock (13,381 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
- [F2]Includes 827.29 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023.
- [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. Levine was awarded 6,157 RSUs, each representsing 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. Levine remains in the continuous service of the Company or a subsidiary through each such date.
- [F5]On February 16, 2024, Mr. Levine was awarded 8,920 RSUs, each representsing 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. Levine remains in the continuous service of the Company or a subsidiary through each such date.
- [F6]Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
- [F7]PSUs awarded to Mr. Levine, 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. Levine may earn.
Documents
Issuer
Amerant Bancorp Inc.
CIK 0001734342
Entity typeother
Related Parties
1- filerCIK 0001933821
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:54 PM ET
- Size
- 14.3 KB