0001368090-24-000002.txt : 20240221 0001368090-24-000002.hdr.sgml : 20240221 20240221175210 ACCESSION NUMBER: 0001368090-24-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240216 FILED AS OF DATE: 20240221 DATE AS OF CHANGE: 20240221 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Plush Gerald P CENTRAL INDEX KEY: 0001368090 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38534 FILM NUMBER: 24661370 MAIL ADDRESS: STREET 1: AMERANT BANCORP INC. STREET 2: 220 ALHAMBRA CR. 12TH FLOOR CITY: CORAL GABLES STATE: FL ZIP: 33134 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Amerant Bancorp Inc. CENTRAL INDEX KEY: 0001734342 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 650032379 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 220 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 BUSINESS PHONE: (305)460-4038 MAIL ADDRESS: STREET 1: 220 ALHAMBRA CIRCLE CITY: CORAL GABLES STATE: FL ZIP: 33134 FORMER COMPANY: FORMER CONFORMED NAME: Mercantil Bank Holding Corp DATE OF NAME CHANGE: 20180312 4 1 wk-form4_1708555871.xml FORM 4 X0508 4 2024-02-16 0 0001734342 Amerant Bancorp Inc. AMTB 0001368090 Plush Gerald P 220 ALHAMBRA CIRCLE CORAL GABLES FL 33134 1 1 0 0 Chairman, President & CEO 0 Class A Common Stock 2024-02-16 4 M 0 40428 0 A 96159.12 D Class A Common Stock 2024-02-16 4 M 0 64364 0 A 160523.12 D Class A Common Stock 2024-02-16 4 M 0 39451 0 A 199974.12 D Class A Common Stock 2024-02-16 4 F 0 56762 22.49 D 143212.12 D Restricted Stock Units 0 2024-02-16 4 M 0 20793 0 D Class A Common Stock 20793 0 D Restricted Stock Units LTI 2021 0 2024-02-16 4 M 0 8509 0 D Class A Common Stock 8509 0 D Restricted Stock Units LTI 2022 0 2024-02-16 4 M 0 4905 0 D Class A Common Stock 4905 4905 D Restricted Stock Units LTI 2023 0 2024-02-16 4 M 0 6221 0 D Class A Common Stock 6221 12444 D Performance Based Restricted Stock Units 0 2024-02-16 4 M 0 64364 0 D Class A Common Stock 64364 0 D Performance Based Restricted Stock Units LTI 2021 0 2024-02-16 4 M 0 39451 0 D Class A Common Stock 39451 0 D Restricted Stock Units LTI 2024 0 2024-02-16 4 A 0 25611 0 A Class A Common Stock 25611 25611 D Performance Based Restricted Stock Units LTI 2024 0 2024-02-16 4 A 0 28416 0 A Class A Common Stock 28416 28416 D Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. Includes 66.37 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023. Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. 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 and PSUs. On February 16, 2021, Mr. Plush was awarded 62,377 RSUs in connection with a sign-on grant related to his appointment as Vice-Chairman and CEO. 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. On February 16, 2021, Mr. Plush was awarded 25,525 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. On February 16, 2022, Mr. Plush was awarded 14,714 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. On February 16, 2023, Mr. Plush was awarded 18,665 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of this sign-on award, the total includes 100% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023. Represents PSUs that have vested and settled in shares of Class A Common Stock. Pursuant to the terms of the award, the total includes 150% of the original award plus shares equivalent in value to accumulated dividends. The vesting of these PSUs was based on the issuer's relative total shareholder return for the 3-year period beginning January 1, 2021 and ended on December 31, 2023. On February 16, 2024, Mr. Plush was awarded 25,611 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. Plush remains in the continuous service of the Company or a subsidiary through each such date. PSUs awarded to Mr. Plush, 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 Total Shareholder Return at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee for a 3-year period beginning January 1, 2024 and ending on December 31, 2026, and in general can range from 50% to 150% of the PSUs. The number reported reflects the maximum number of PSUs Mr. Plush may earn. /s/ Julio V. Pena, as Attorney-in-Fact for Gerald P. Plush 2024-02-21