Esterripa Juan 4

4 · Amerant Bancorp Inc. · Filed Feb 21, 2024

Form 4

Period: 2024-02-16

See remarks

Transactions

Award
Restricted Stock Units LTI 2024
2024-02-16+8,920→ 8,920 total
Exercise: $0.00→ Class A Common Stock (8,920 underlying)
Award
Performance Based Restricted Stock Units LTI 2024
2024-02-16+13,381→ 13,381 total
Exercise: $0.00→ Class A Common Stock (13,381 underlying)

Footnotes (4)

[F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
[F2]On February 16, 2024, Mr. Esterripa was awarded 8,920 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. Esterripa remains in the continuous service of the Company or a subsidiary through each such date.
[F3]Each performance-based restricted stock unit (PSUs) is the economic equivalent of one share of Class A Common Stock.
[F4]PSUs awarded to Mr. Esterripa, 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. Esterripa may earn.

Documents

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