Amerant Bancorp director exercises 3,761 RSUs
Amerant Bancorp Inc. director Wilson Millar reported exercising 3,761 Restricted Stock Units into 3,761 shares of Class A Common Stock at a stated price of $0.00 per share.
Rhea-AI Filing Summary
Amerant Bancorp Inc. director Wilson Millar reported exercising 3,761 Restricted Stock Units into 3,761 shares of Class A Common Stock at a stated price of $0.00 per share. After this derivative exercise, his direct holdings in Class A Common Stock totaled 116,010 shares.
The filing also lists four indirect custodial accounts, each holding 2,345 shares of Class A Common Stock for one of his minor grandchildren. Millar is custodian of these accounts but expressly disclaims beneficial ownership of the shares held in them for Section 16 and other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,761 shares exercised/converted
Exercise
6 txns
Insider
Wilson Millar
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units 2025 | 3,761 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,761 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units 2025 — 0 contracts (Direct);
Class A Common Stock — 116,010 shares (Direct);
Class A Common Stock — 2,345 shares (Indirect, Custodial Account for Grandchild 1);
Class A Common Stock — 2,345 shares (Indirect, Custodial Account for Grandchild 3);
Class A Common Stock — 2,345 shares (Indirect, Custodial Account for Grandchild 2);
Class A Common Stock — 2,345 shares (Indirect, Custodial Account for Grandchild 4)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
- F2. These shares are held in an account for one of the reporting person's minor grandchildren and the reporting person is the custodian of the account. The reporting person disclaims ownership of the shares held in the custodial account, and this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F3. On May 7, 2025, the reporting person was granted 3,761 RSUs. Such RSU award will vest on the first anniversary of the date of the grant, provided that the reporting person remains in continuous service of the Company as a Director through the vesting date. Each RSU represents a right to receive one share of Class A Common Stock upon vesting.
Key Figures
RSUs exercised: 3,761 units
Exercise price: $0.00 per share
Direct holdings after transaction: 116,010 shares
+2 more
5 metrics
RSUs exercised
3,761 units
Converted into 3,761 Class A Common shares
Exercise price
$0.00 per share
RSU conversion into Class A Common Stock
Direct holdings after transaction
116,010 shares
Class A Common Stock following RSU exercise
Custodial account holdings
2,345 shares each
Four minor grandchildren custodial accounts, indirect holdings disclaimed
Derivative positions remaining
0 RSUs
Restricted Stock Units 2025 position after 3,761-unit exercise
Key Terms
Restricted Stock Units, custodial account, Section 16, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"The filing reports 3,761 Restricted Stock Units 2025 exercised into Class A Common Stock."
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.
custodial account financial
"These shares are held in an account for one of the reporting person's minor grandchildren and the reporting person is the custodian of the account."
A custodial account is an investment or bank account opened and managed by an adult (the custodian) for the benefit of someone who cannot legally control assets, typically a minor. Think of it as a wallet held by a trusted guardian until the beneficiary reaches a legal age: it lets you save and invest on someone’s behalf, affects who makes decisions and who pays taxes, and determines when control of the assets transfers to the beneficiary—details investors watch for tax consequences, ownership rules, and timing of control.
Section 16 regulatory
"This report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
derivative exercise/conversion financial
"The transaction action is classified as a derivative exercise/conversion for the RSU entry."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Wilson Millar report for Amerant Bancorp (AMTB)?
Wilson Millar reported a derivative exercise converting 3,761 Restricted Stock Units into 3,761 shares of Amerant Bancorp Class A Common Stock. This increased his direct stake to 116,010 shares following the transaction, according to the Form 4 data provided.
What are the custodial accounts mentioned in the Amerant Bancorp (AMTB) Form 4?
The Form 4 lists four indirect holdings labeled as custodial accounts for Millar’s minor grandchildren, each with 2,345 Class A Common shares. Millar serves as custodian but disclaims ownership, stating the filing is not an admission of beneficial ownership of those shares.
What does the 3,761 RSU transaction mean for Amerant Bancorp (AMTB) director compensation?
The transaction reflects 3,761 Restricted Stock Units being exercised into an equal number of Class A Common shares at $0.00. Footnotes state each RSU equals one share, illustrating equity-based director compensation that settles in stock rather than cash when exercised or vested.
Did the Amerant Bancorp (AMTB) Form 4 show any open-market buying or selling?
The Form 4 data show a derivative exercise of 3,761 RSUs, not an open-market purchase or sale. Transaction codes and summaries indicate no reported open-market buys or sells; the primary activity is conversion of equity awards into common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
