Cragg Lee Ann 4

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.