Howard A. Levine - 08 Jun 2023 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
SEVP Head of Consumer Banking
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Howard A. Levine
Issuer symbol
AMTB
Transactions as of
08 Jun 2023
Transactions value $
-$8,652
Form type
4
Filing time
12 Jun 2023, 16:39:42 UTC
Previous filing
31 Jul 2023
Next filing
30 Nov 2023
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 +1,725 +144% $0 2,925 08 Jun 2023 Direct F1
transaction AMTB Class A Common Stock Tax liability -$8,651 -421 -14% $20.55 2,504 08 Jun 2023 Direct F2

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 Options Exercise $0 -1,725 -33% $0 3,450 08 Jun 2023 Class A Common Stock 1,725 $0 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F2 This number 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 1,725 restricted stock units.
F3 On June 8, 2022, Mr. Levine was awarded 5,175 restricted stock units. Each restricted stock unit represents the right to receive, following vesting, one share of Class A Common Stock. The restricted stock units vest in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Levine remains in the continuous service of the Company or a subsidiary through each such date.