Eelman Anthony J. 4

What Happened

• Anthony J. Eelman, EVP and Chief Products Officer of Amerant Bancorp (AMTB), had 333 restricted stock units (RSUs) convert to common shares on Feb 18, 2026. Of those, 99 shares were surrendered to cover tax withholding at $22.38 per share (total $2,216), resulting in approximately 234 net shares issued to him. The Form 4 was filed Feb 20, 2026. The filing shows conversion entries (transaction code M) and a tax-withholding surrender (code F).

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely).
• Conversion: 333 RSUs converted to 333 shares (code M) at $0.00 per share (RSUs vest → shares).
• Tax withholding: 99 shares surrendered (code F) at $22.38 per share, total $2,216.
• Net shares issued to insider: ~234 (333 − 99).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = each RSU equals one share; F2 = shares surrendered to satisfy tax withholding; F3 = the RSUs were part of a 1,000-RSU award granted 2025-02-18 that vests in three roughly equal annual installments.

Context

• This was a routine vesting of previously granted RSUs, not an open-market buy or sale. The tax withholding (share surrender) is a common mechanism to satisfy tax obligations on vested awards and does not necessarily indicate the insider’s view on the company’s stock. Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion), F = payment of tax liability via share withholding.