Amerant Bancorp (AMTB) awards 2026 RSUs and PSUs to executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amerant Bancorp Inc. executive Adrian Rodriguez reported equity compensation activity involving restricted stock units and common shares. On February 17, 2026, 500 RSUs from the 2023 LTI and 500 RSUs from the 2024 LTI vested and were converted into 1,000 shares of Class A common stock.
To cover tax withholding on the vesting, 240 shares of Class A common stock were surrendered at $22.73 per share. Rodriguez also received new awards of 4,179 RSUs and 4,179 performance-based RSUs under the 2026 LTI, each unit economically equivalent to one Class A share.
The 2026 RSUs vest in three equal annual installments, while the performance-based RSUs are earned over a three-year period from January 1, 2026 to December 31, 2028 based on specified relative return and total shareholder return goals, and can pay out from 40% to 180% of the target amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000 shares exercised/converted
Mixed
6 txns
Insider
Rodriguez Adrian
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units LTI 2023 | 500 | $0.00 | -- |
| Exercise | Restricted Stock Units LTI 2024 | 500 | $0.00 | -- |
| Grant/Award | Restricted Stock Units LTI 2026 | 4,179 | $0.00 | -- |
| Grant/Award | Performance Based Restricted Stock Units LTI 2026 | 4,179 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,000 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 240 | $22.73 | $5K |
Holdings After Transaction:
Restricted Stock Units LTI 2023 — 0 shares (Direct);
Restricted Stock Units LTI 2024 — 500 shares (Direct);
Restricted Stock Units LTI 2026 — 4,179 shares (Direct);
Performance Based Restricted Stock Units LTI 2026 — 4,179 shares (Direct);
Class A Common Stock — 5,390 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") 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. On February 16, 2023, Mr. Rodriguez was awarded 1,500 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. Rodriguez remains in the continuous service of the Company or a subsidiary through each such date. Since the anniversary of the date of grant was on Monday, February 16, 2026, a federal holiday, the vesting occurred on Tuesday, February 17, 2026, the next business day. On February 16, 2024, Mr. Rodriguez was awarded 1,500 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. Rodriguez remains in the continuous service of the Company or a subsidiary through each such date. Since the anniversary of the date of grant was on Monday, February 16, 2026, a federal holiday, the vesting occurred on Tuesday, February 17, 2026, the next business day. On February 17, 2026, Mr. Rodriguez was awarded 4,179 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. Rodriguez remains in the continuous service of the Company or a subsidiary through each such date. Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock. PSUs awarded to Mr. Rodriguez, 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 Tangible Common Equity at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee (the "Committee") further 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, 2026 and ending on December 31, 2028, and in general can range from 40% to 180% of the PSUs. The number reported reflects the target number of PSUs Mr. Rodriguez may earn.
FAQ
What equity awards did Adrian Rodriguez report in Amerant Bancorp (AMTB) Form 4?
Adrian Rodriguez reported vesting of 1,000 RSUs into Class A shares and new grants of 4,179 RSUs and 4,179 performance-based RSUs under the 2026 LTI, each unit economically equivalent to one Amerant Bancorp Class A share.
What are the terms of Adrian Rodriguez’s 2026 RSU award at Amerant Bancorp (AMTB)?
Rodriguez received 4,179 time-based RSUs on February 17, 2026, each equivalent to one Class A share. These RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, assuming continued service with Amerant Bancorp or a subsidiary.
How do Adrian Rodriguez’s 2026 performance-based RSUs at Amerant Bancorp (AMTB) work?
Rodriguez’s 4,179 performance-based RSUs are tied to a three-year period from January 1, 2026 to December 31, 2028. The actual shares earned depend on relative adjusted return on average tangible common equity and relative total shareholder return, ranging from 40% to 180% of target.
Which prior Amerant Bancorp (AMTB) RSU grants vested for Adrian Rodriguez in 2026?
Portions of RSU awards granted on February 16, 2023 and February 16, 2024 vested in 2026. For each grant, 500 RSUs converted into shares on February 17, 2026, the business day following the February 16 federal holiday, subject to Rodriguez’s continued service condition.
What does each Amerant Bancorp (AMTB) RSU or PSU represent in Adrian Rodriguez’s Form 4?
Each restricted stock unit (RSU) and each performance-based restricted stock unit (PSU) reported by Rodriguez is the economic equivalent of one share of Amerant Bancorp Class A common stock, delivering a share following vesting and satisfaction of any applicable performance conditions.