4//SEC Filing
Palacios Miguel 4
Accession 0001746248-22-000002
CIK 0001734342other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 5:13 PM ET
Size
17.5 KB
Accession
0001746248-22-000002
Insider Transaction Report
Form 4
Palacios Miguel
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2022-02-16+3,003→ 34,110 total - Tax Payment
Class A Common Stock
2022-02-16$33.98/sh−1,182$40,164→ 32,928 total - Exercise/Conversion
Restricted Stock Units LTI 2021
2022-02-16−3,003→ 6,006 totalExercise: $0.00→ Class A Common Stock (3,003 underlying) - Award
Restricted Stock Units LTI 2022
2022-02-16+4,300→ 4,300 totalExercise: $0.00→ Class A Common Stock (4,300 underlying) - Award
Performance Based Restricted Stock Units LTI 2022
2022-02-16+6,450→ 6,450 totalExercise: $0.00→ Class A Common Stock (6,450 underlying)
Holdings
- 13,513
Performance Based Restricted Stock Units
Exercise: $0.00→ Class A Common Stock (13,513 underlying)
Footnotes (9)
- [F1]Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
- [F2]As set forth in footnote 4 below more fully, the reporting person had previously reported 9,009 restricted stock units in Table 1 of Form 4. The total reported in column 5 has been adjusted to subtract 6,006 restricted stock units that have not yet vested and are now being reported in Table II of Form 4.
- [F3]This number reflects an aggregate of 1,182 shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation upon the vesting of 3,003 restricted stock units.
- [F4]On February 16, 2021 the reporting person was awarded 9,009 restricted stock units under the 2021-2023 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. The 9,009 restricted stock units were originally reported by the reporting person in Table I of Form 4. 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. Palacios remains in the continuous service of the Company or a subsidiary through each such date.
- [F5]On February 16, 2021, the reporting person was granted 9,009 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
- [F6]Each Performance Based Restricted Stock Unit is the economic equivalent of one share of Class A Common Stock.
- [F7]Each performance based restricted stock unit represents the right to receive, following vesting, one share of Class A common stock. The actual number of performance-based restricted stock units earned shall be based on the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation Committee for a 3-year period beginning January 1, 2021, and ending on December 31, 2023, and in general can range from 50% of the performance based restricted stock units to 150% of the performance based restricted stock units. The number of performance-based restricted stock units reported reflect the maximum number of performance-based restricted stock units Mr. Palacios may earn at the end of the performance period.
- [F8]On February 16, 2022 the reporting person was awarded 4,300 restricted stock units under the 2022-2024 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. 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. Palacios remains in the continuous service of the Company or a subsidiary through each such date.
- [F9]Each performance based restricted stock unit represents the right to receive, following vesting, one share of Class A common stock. The actual number of performance-based restricted stock units earned shall be based on the achievement of the Relative Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation Committee for a 3-year period beginning January 1, 2022, and ending on December 31, 2024, and in general can range from 50% of the performance based restricted stock units to 150% of the performance based restricted stock units. The number of performance-based restricted stock units reported reflect the maximum number of performance-based restricted stock units Mr. Palacios may earn at the end of the performance period.
Documents
Issuer
Amerant Bancorp Inc.
CIK 0001734342
Entity typeother
Related Parties
1- filerCIK 0001746248
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 5:13 PM ET
- Size
- 17.5 KB