Sanchez Mariola 4
4 · Amerant Bancorp Inc. · Filed Feb 21, 2024
Insider Transaction Report
Form 4
Sanchez Mariola
See remarks
Transactions
- Exercise/Conversion
Restricted Stock Units LTI 2023
2024-02-16−1,228→ 2,458 totalExercise: $0.00→ Class A Common Stock (1,228 underlying) - Tax Payment
Class A Common Stock
2024-02-16$22.49/sh−677$15,226→ 12,739.12 total - Exercise/Conversion
Class A Common Stock
2024-02-16+1,228→ 13,416.12 total - Award
Restricted Stock Units LTI 2024
2024-02-16+5,097→ 5,097 totalExercise: $0.00→ Class A Common Stock (5,097 underlying) - Award
Performance Based Restricted Stock Units LTI 2024
2024-02-16+7,647→ 7,647 totalExercise: $0.00→ Class A Common Stock (7,647 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
- [F2]Includes 66.37 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 restricted stock and RSUs.
- [F4]On February 16, 2023, Mrs. Sanchez was awarded 3,686 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 Mrs. Sanchez remains in the continuous service of the Company or a subsidiary through each such date.
- [F5]On February 16, 2024, Mrs. Sanchez was awarded 5,097 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 Mrs. Sanchez 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 Mrs. Sanchez, 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 Mrs. Sanchez may earn.