Carlos Iafigliola - 18 Feb 2025 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role: SEVP Chief Operating Officer
Signature: /s/ Julio V. Pena, as Attorney-in-Fact for Carlos Iafigliola
Issuer symbol: AMTB
Transactions as of: 18 Feb 2025
Transactions value $: -$40,433
Form type: 4
Filing time: 20 Feb 2025, 16:59:51 UTC
Previous filing: 17 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMTB	Class A Common Stock	Options Exercise	$0	+6.19K	+60.67%	$0.00	16.4K	18 Feb 2025	Direct	F1, F2
transaction	AMTB	Class A Common Stock	Tax liability	-$40.4K	-1.7K	-10.34%	$23.84	14.7K	18 Feb 2025	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AMTB	Restricted Stock Units LTI 2022	Options Exercise	$0	-1.25K	-100%	$0.00	0	18 Feb 2025	Class A Common Stock	1.25K	$0.00	Direct	F1, F4
transaction	AMTB	Restricted Stock Units	Options Exercise	$0	-1K	-100%	$0.00	0	18 Feb 2025	Class A Common Stock	1K	$0.00	Direct	F1, F5
transaction	AMTB	Restricted Stock Units LTI 2023	Options Exercise	$0	-1.61K	-49.98%	$0.00	1.61K	18 Feb 2025	Class A Common Stock	1.61K	$0.00	Direct	F1, F6
transaction	AMTB	Restricted Stock Units LTI 2024	Options Exercise	$0	-2.33K	-33.33%	$0.00	4.67K	18 Feb 2025	Class A Common Stock	2.33K	$0.00	Direct	F1, F7
transaction	AMTB	Restricted Stock Units LTI 2025	Award	$0	+6.92K		$0.00	6.92K	18 Feb 2025	Class A Common Stock	6.92K	$0.00	Direct	F1, F8
transaction	AMTB	Performance Based Restricted Stock Units LTI 2025	Award	$0	+6.92K		$0.00	6.92K	18 Feb 2025	Class A Common Stock	6.92K	$0.00	Direct	F9, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
F2	Includes 103.52 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 29, 2024.
F3	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.
F4	On February 16, 2022, Mr. Iafigliola was awarded 3,750 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
F5	On February 16, 2022, Mr. Iafigliola was awarded 3,000 RSUs as a one-time special recognition and retention award. Each restricted stock unit represents 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
F6	On February 16, 2023, Mr. Iafigliola was awarded 4,822 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
F7	On February 16, 2024, Mr. Iafigliola was awarded 7,003 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
F8	On February 18, 2025, Mr. Iafigliola was awarded 6,921 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. Iafigliola remains in the continuous service of the Company or a subsidiary through each such date.
F9	Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.
F10	PSUs awarded to Mr. Iafigliola, 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 Total Common Equity at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee (the "Committee") futher 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, 2025 and ending on December 31, 2027, and in general can range from 40% to 180% of the PSUs. The number reported reflects the target number of PSUs Mr. Iafigliola may earn.