4//SEC Filing
Esterripa Juan 4
Accession 0001973970-23-000004
CIK 0001734342other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 5:42 PM ET
Size
11.9 KB
Accession
0001973970-23-000004
Insider Transaction Report
Form 4
Esterripa Juan
See remarks
Transactions
- Award
Restricted Stock Units
2023-04-17+20,356→ 20,356 totalExercise: $0.00→ Class A Common Stock (20,356 underlying) - Award
Restricted Stock Units LTI 2023
2023-04-17+9,064→ 9,064 totalExercise: $0.00→ Class A Common Stock (9,064 underlying) - Award
Performance Based Restricted Stock Units LTI 2023
2023-04-17+13,597→ 13,597 totalExercise: $0.00→ Class A Common Stock (13,597 underlying)
Footnotes (5)
- [F1]Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
- [F2]On April 17, 2023, Mr. Esterripa was awarded 20,356 restricted stock units in connection with a sign-on grant related to Mr. Esterripa's appointment as Senior Executive Vice-President and Head of Commercial Banking. Each restricted stock unit represents the right to receive, following vesting, one share of Class A Common Stock. The restricted stock units will vest in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Esterripa remains in the continuous service of the Company or a subsidiary through each such date.
- [F3]On April 17, 2023, Mr. Esterripa was awarded 9,064 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 Mr. Esterripa 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 Mr. Esterripa 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 Mr. Esterripa may earn at the end of the performance period.
Documents
Issuer
Amerant Bancorp Inc.
CIK 0001734342
Entity typeother
Related Parties
1- filerCIK 0001973970
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 5:42 PM ET
- Size
- 11.9 KB