Braden Smith - Feb 18, 2025 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Signature
/s/ Julio V. Pena, as Attorney-in-Fact for Braden Smith
Stock symbol
AMTB
Transactions as of
Feb 18, 2025
Transactions value $
$0
Form type
4
Date filed
2/20/2025, 04:53 PM
Previous filing
Nov 20, 2024
Next filing
Nov 20, 2025

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 2025 Award $0 +8.89K $0.00 8.89K Feb 18, 2025 Class A Common Stock 8.89K $0.00 Direct F1, F2
transaction AMTB Performance Based Restricted Stock Units LTI 2025 Award $0 +8.89K $0.00 8.89K Feb 18, 2025 Class A Common Stock 8.89K $0.00 Direct F3, F4
* 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 On February 18, 2025, Mr. Smith was awarded 8,887 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. Smith remains in the continuous service of the Company or a subsidiary through each such date.
F3 Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock
F4 PSUs awarded to Mr. Smith, 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. Smith may earn.

Remarks:

SEVP, Chief Business Development Officer