Esterripa Juan 4
4 · Amerant Bancorp Inc. · Filed Apr 19, 2024
Insider Transaction Report
Form 4
Esterripa Juan
See remarks
Transactions
- Exercise/Conversion
Restricted Stock Units LTI 2023
2024-04-17−3,021→ 6,043 totalExercise: $0.00→ Class A Common Stock (3,021 underlying) - Exercise/Conversion
Class A Common Stock
2024-04-17+9,806→ 10,806 total - Exercise/Conversion
Restricted Stock Units
2024-04-17−6,785→ 13,571 totalExercise: $0.00→ Class A Common Stock (6,785 underlying) - Tax Payment
Class A Common Stock
2024-04-17$20.80/sh−2,389$49,691→ 8,417 total
Footnotes (4)
- [F1]Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
- [F2]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.
- [F3]On April 17, 2023, Mr. Esterripa was awarded 9,064 restricted stock units ("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.
- [F4]On April 17, 2023, Mr. Esterripa was awarded 20,356 RSUs in connection with a sign-on grant related to Mr. Esterripa's appointment as Senior Executive Vice-President and Head of Commercial Banking. Each RSU represents the right to receive, following vesting, one share of Class A Common Stock. The award 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.