Juan Esterripa - Apr 17, 2025 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role
SEVP, Chief Commercial Banking Officer.
Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Juan Esterripa
Stock symbol
AMTB
Transactions as of
Apr 17, 2025
Transactions value $
-$44,441
Form type
4
Date filed
4/21/2025, 05:47 PM
Previous filing
Feb 20, 2025
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 +9.81K +82.8% $0.00 21.6K Apr 17, 2025 Direct F1
transaction AMTB Class A Common Stock Tax liability -$44.4K -2.39K -11.03% $18.61 19.3K Apr 17, 2025 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 LTI 2023 Options Exercise $0 -3.02K -49.99% $0.00 3.02K Apr 17, 2025 Class A Common Stock 3.02K $0.00 Direct F1, F3
transaction AMTB Restricted Stock Units Options Exercise $0 -6.79K -27.03% $0.00 18.3K Apr 17, 2025 Class A Common Stock 6.79K $0.00 Direct F1, F4, F5
* 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 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.
F3 On April 17, 2023, Mr. Esterripa was awarded 9,064 RSUs under the 2023-2025 Long Term Incentive Plan. Each RSU 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. Esterripa remains in the continuous service of the Company or a subsidiary through each such date.
F4 On April 17, 2023, Mr. Esterripa was awarded 20,356 RSUs in connection with a sign-on grant related to Mr. Esterripa's appointment as Senior Executive Vice-President and Chief Commercial Banking Officer. Each RSU represents the right to receive, following vesting, one share of Class A Common Stock. The RSUs will vest in substantially equal installments on each of the first three anniversaries of the date of grant, provided that Mr. Esterripa remains in the continuous service of the Company or a subsidiary through each such date.
F5 Balance includes 11,535 unvested RSUs awarded to Mr. Esterripa on February 18, 2025.

Remarks:

SEVP, Chief Commercial Banking Officer.