Rodriguez Adrian 4

What Happened

• Adrian Rodriguez, EVP and Interim Chief Operating Officer of Amerant Bancorp (AMTB), had restricted/performance-based stock units convert to shares and received a new equity award on February 17, 2026. He was also required to surrender 240 shares to satisfy tax withholding (240 shares × $22.73 = $5,455).
• The filing shows derivative conversions/exercises (SEC code M) related to vested RSUs/PSUs and two grant entries (code A) for 4,179 share-equivalents each (one RSU award and a performance-based award reflected at target). The new award vests over three years; PSUs are performance-conditioned (40%–180% of target depending on results).

Key Details

• Transaction date: February 17, 2026 (filed Feb 19, 2026 — timely within reporting window).
• Tax withholding: 240 shares surrendered at $22.73 per share → ~$5,455 (code F).
• Derivative activity: exercise/conversion entries (code M) reported for vested units; grant/award entries (code A) for 4,179 share-equivalents.
• Footnotes: prior RSU awards from Feb 16, 2023 and Feb 16, 2024 vested on Feb 17, 2026 (next business day due to holiday). PSUs reported at target; final payout depends on 3-year performance metrics.
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context

• M = exercise/conversion of derivative awards (vesting of RSUs/PSUs into share equivalents). F = shares surrendered to cover tax withholding — a routine, non‑market-sale event. A = grant/award of new restricted or performance units that vest over time or upon performance.
• Awards and tax-withholding actions by executives are common and do not by themselves indicate a bullish or bearish market view. The PSU component is performance-based and may pay out between 40%–180% of target depending on results over the 2026–2028 performance period.