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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 8/31/23 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1734342 |
| Issuer Name: Amerant Bancorp Inc. |
| Issuer Trading Symbol: AMTB |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1935991 |
| | Owner Name: Martin Silvio Marshall |
| Reporting Owner Address: |
| | Owner Street 1: C/O AMERANT BANCORP INC. |
| | Owner Street 2: 220 ALHAMBRA CR. |
| | Owner City: CORAL GABLES |
| | Owner State: FL |
| | Owner ZIP Code: 33134 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP & Chief Legal Officer |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 8/31/23 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: L |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 7.199 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 18.91 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 6,287.611 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 11/30/23 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: L |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 6.494 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 21.06 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 6,294.105 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 2/16/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 833 |
| | | Transaction Price Per Share: |
| Value: 0 |
| Footnote ID: F3 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 7,127.105 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 2/16/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 203 |
| Footnote ID: F4 |
| | | Transaction Price Per Share: |
| Value: 22.49 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 6,924.105 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units LTI 2023 |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F3 |
| | Transaction Date: |
| | | Value: 2/16/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 833 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Footnote ID: F5 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common Stock |
| | | Underlying Security Shares: |
| Value: 833 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,917 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units LTI 2024 |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F3 |
| | Transaction Date: |
| | | Value: 2/16/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 9,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F6 |
| | Expiration Date: |
| | | Footnote ID: F6 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common Stock |
| | | Underlying Security Shares: |
| Value: 9,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 9,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: These shares were acquired under a dividend reinvestment plan that is sponsored by the broker-dealer where the reporting person maintains a personal brokerage account. |
| Footnote - F2: Includes 827.29 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 30, 2023. |
| Footnote - F3: Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. |
| Footnote - F4: 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. |
| Footnote - F5: On February 16, 2023, Mr. Martin was awarded 2,500 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. Martin remains in the continuous service of the Company or a subsidiary through each such date. |
| Footnote - F6: On February 16, 2024, Mr. Martin was awarded 9,000 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. Martin remains in the continuous service of the Company or a subsidiary through each such date. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Julio V. Pena, as Attorney-in-Fact for Silvio Marshall Martin |
| Signature Date: 2/21/24 |