Cragg Lee Ann 4
4 · Amerant Bancorp Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Amerant (AMTB) CCO Lee Ann Cragg Receives Stock Awards
What Happened
Lee Ann Cragg, Senior Executive Vice President and Chief Credit Officer of Amerant Bancorp (AMTB), received equity awards on February 17, 2026: 6,071 restricted stock units (RSUs) and 6,071 performance-based restricted stock units (PSUs), reported as derivative awards at $0.00 (grant). The two awards together total 12,142 units; the RSUs vest over three years and the PSUs are performance-based with a three-year performance period.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely filing).
- Award type/code: A = Award/Grant (derivative). Reported price: $0.00 per unit (standard for grants).
- RSUs: 6,071 units; vesting in substantially equal installments on each of the first three anniversaries of the grant date, subject to continued service (F2).
- PSUs: 6,071 units reported as the target number; actual payout depends on Relative Adjusted Return on Average Tangible Common Equity and Relative Total Shareholder Return over Jan 1, 2026–Dec 31, 2028, and can range generally from 40% to 180% of target (F4).
- Shares owned after the transaction: Not specified in the filing.
- Filing timeliness: Filed within two business days of the grant — no late filing indicated.
Context
These are compensation awards (retention/incentive) rather than open-market purchases or sales. RSUs convert to shares as they vest; PSUs convert to shares only if performance targets are met and may pay out at less than or greater than the target number. Such grants are routine for executives and reflect future compensation contingent on service and performance, not immediate cash transactions.
Insider Transaction Report
- Award
Restricted Stock Units LTI 2026
[F1][F2]2026-02-17+6,071→ 6,071 totalExercise: $0.00→ Class A Common Stock (6,071 underlying) - Award
Performance Based Restricted Stock Units LTI 2026
[F3][F4]2026-02-17+6,071→ 6,071 totalExercise: $0.00→ Class A Common Stock (6,071 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
- [F2]On February 17, 2026, Ms. Cragg was awarded 6,071 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 Ms. Cragg remains in the continuous service of the Company or a subsidiary through each such date.
- [F3]Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
- [F4]PSUs awarded to Ms. Cragg, 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 Adjusted Return on Average Tangible Common Equity at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee (the "Committee") further modified by the achievement of specified Threshold, Target or Maximum levels set by the Committee of Relative Total Shareholder Return for a 3-year period beginning January 1, 2026 and ending on December 31, 2028, and in general can range from 40% to 180% of the PSUs. The number reported reflects the target number of PSUs Ms. Cragg may earn.