Amerant EVP RSUs vest; shares withheld for taxes
Amerant Bancorp Inc. executive Armando Fleitas reported routine equity compensation activity involving Class A Common Stock.
Rhea-AI Filing Summary
Amerant Bancorp Inc. executive Armando Fleitas reported routine equity compensation activity involving Class A Common Stock. On May 11, 2026, 834 Restricted Stock Units vested and were converted into an equal number of Class A shares. In connection with this vesting, 204 shares were surrendered to cover tax withholding obligations at a price of $23.09 per share. Following these transactions, Fleitas directly owned 9,850.74 Class A shares. The RSUs were part of a 2,500-unit award granted in May 2023 that vests in three annual installments, contingent on continued service.
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Insider Trade Summary
834 shares exercised/converted
Exercise
3 txns
Insider
Fleitas Armando
Role
EVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 834 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 834 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 204 | $23.09 | $5K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 9,850.74 shares (Direct)
Footnotes (3)
- 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 May 9, 2023, Mr. Fleitas was awarded 2,500 RSUs in connection with his promotion to Executive Vice President. 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. Fleitas remains in the continuous service of the Company or a subsidiary through each such date. Since the anniversary of the grant date was on Saturday, May 9, 2026, a weekend, the vesting occurred on Monday, May 11, 2026, the next business day.
Key Figures
RSUs vested and converted: 834 shares
Shares surrendered for taxes: 204 shares
Tax withholding price: $23.09 per share
+3 more
6 metrics
RSUs vested and converted
834 shares
Restricted Stock Units converted into Class A Common Stock on May 11, 2026
Shares surrendered for taxes
204 shares
Class A Common Stock surrendered to satisfy tax withholding
Tax withholding price
$23.09 per share
Value of shares surrendered for tax withholding
Post-transaction holdings
9,850.74 shares
Class A Common Stock directly owned after transactions
Original RSU grant size
2,500 RSUs
Awarded May 9, 2023 upon promotion to EVP
RSU vesting schedule
3 annual installments
Substantially equal installments on first three anniversaries of grant
Key Terms
Restricted Stock Units, tax withholding obligation, derivative security, Class A Common Stock
4 terms
Restricted Stock Units financial
"On May 9, 2023, Mr. Fleitas was awarded 2,500 RSUs in connection with his promotion"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"shares of Class A Common Stock that were surrendered in order to satisfy the reporting person's tax withholding obligation"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"Each restricted stock unit (RSU) is the economic equivalent of one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did AMTB executive Armando Fleitas report?
Armando Fleitas reported vesting of 834 RSUs that converted into Class A Common Stock and a related tax-withholding share surrender. These transactions reflect routine equity compensation rather than an open-market purchase or sale of Amerant Bancorp Inc. stock.
How did this Form 4 change Armando Fleitas’s AMTB holdings?
After the RSU vesting and related tax-withholding disposition, Fleitas directly held 9,850.74 shares of Amerant Bancorp Class A Common Stock. The filing shows this as his post-transaction ownership balance following the May 11, 2026 equity compensation events.
What was the origin of the RSUs that vested for AMTB’s Armando Fleitas?
The 834 RSUs that vested were part of a 2,500-unit award granted on May 9, 2023 in connection with Fleitas’s promotion to Executive Vice President. The grant vests in substantially equal installments on each of the first three anniversaries.
Why did the Amerant Bancorp RSUs vest on May 11, 2026 instead of May 9, 2026?
Although the grant date anniversary was May 9, 2026, that day fell on a Saturday. The vesting occurred on Monday, May 11, 2026, the next business day, consistent with the terms described for the RSU award vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
