4//SEC Filing
Sanchez Mariola 4
Accession 0001963089-23-000004
CIK 0001734342other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 6:10 PM ET
Size
10.7 KB
Accession
0001963089-23-000004
Insider Transaction Report
Form 4
Sanchez Mariola
SEVP Chief People Officer
Transactions
- Award
Restricted Stock Units LTI 2023
2023-02-16+3,686→ 3,686 totalExercise: $0.00→ Class A Common Stock (3,686 underlying) - Award
Performance Based Restricted Stock Units LTI 2023
2023-02-16+5,529→ 5,529 totalExercise: $0.00→ Class A Common Stock (5,529 underlying) - Tax Payment
Class A Common Stock
2023-02-16$28.93/sh−364$10,531→ 11,469.75 total
Footnotes (5)
- [F1]This number reflects an aggregate of 364 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock.
- [F2]Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
- [F3]On February 16, 2023, Mrs. Sanchez was awarded 3,686 restricted stock units under the 2023-2025 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 Mrs. Sanchez remains in the continuous service of the Company or a subsidiary through each such date.
- [F4]Each performance based restricted stock unit is the economic equivalent of one share of Class A Common Stock.
- [F5]Performance based restricted stock units awarded to Mrs. Sanchez under the 2023-2025 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each performance based restricted stock unit represents the right to receive, following vesting, one share of Class A common stock. The actual number of performance based restricted stock units 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, 2023 and ending on December 31, 2025, and in general can range from 50% of the performance based restricted stock units to 150% of the performance based restricted stock units. The number of performance based restricted stock units reported reflects the maximum number of performance based restricted stock units Mrs. Sanchez may earn at the end of the performance period.
Documents
Issuer
Amerant Bancorp Inc.
CIK 0001734342
Entity typeother
Related Parties
1- filerCIK 0001963089
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 6:10 PM ET
- Size
- 10.7 KB