Amerant Bancorp (AMTB) director converts 3,761 RSUs into Class A common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amerant Bancorp Inc. director Lisa Lutoff-Perlo exercised equity awards to receive additional common shares. On May 7, 2026, she converted 3,761 Restricted Stock Units into 3,761 shares of Class A Common Stock at a price of $0.00 per share. Following this compensation-related transaction, she directly owns 4,261 shares of Amerant Bancorp Class A Common Stock. Footnotes state each RSU is economically equivalent to one common share and that the 3,761 RSUs were granted on May 7, 2025 and vested on the first anniversary, triggering delivery of the underlying shares.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting; director receives shares as equity compensation.
Director Lisa Lutoff-Perlo converted 3,761 Restricted Stock Units into the same number of Class A Common Stock shares at $0.00 per share. This is coded as an option/derivative exercise and reflects equity awards vesting rather than open-market buying.
The filing shows she now directly holds 4,261 shares after the transaction, with no remaining derivative awards listed in this document. Because this is a scheduled compensation event tied to RSU vesting, it is typically viewed as an administrative update rather than a directional trading signal.
Insider Trade Summary
3,761 shares exercised/converted
Mixed
2 txns
Insider
Lutoff-Perlo Lisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units 2025 | 3,761 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,761 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units 2025 — 0 shares (Direct, null);
Class A Common Stock — 4,261 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. 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 converted: 3,761 units
Shares acquired via RSU conversion: 3,761 shares
Post-transaction holdings: 4,261 shares
+2 more
5 metrics
RSUs converted
3,761 units
Restricted Stock Units converted to Class A Common Stock on May 7, 2026
Shares acquired via RSU conversion
3,761 shares
Class A Common Stock received from RSU conversion
Post-transaction holdings
4,261 shares
Direct Class A Common Stock owned after May 7, 2026 transaction
Exercise price
$0.00 per share
Price per share for RSU conversion into common stock
RSU grant date units
3,761 RSUs
RSUs granted on May 7, 2025 as director compensation
Key Terms
Restricted Stock Units, Class A Common Stock, derivative security, vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") is the economic equivalent of one share"
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.
Class A Common Stock financial
"Each RSU represents a right to receive 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.
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.
vesting financial
"RSU award will vest on the first anniversary of the date of the grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Amerant Bancorp (AMTB) director Lisa Lutoff-Perlo report?
Lisa Lutoff-Perlo reported exercising 3,761 Restricted Stock Units into 3,761 shares of Amerant Bancorp Class A Common Stock. The exercise price was $0.00 per share, reflecting equity compensation rather than an open-market purchase, and increased her direct holdings to 4,261 shares.
What are the terms of Lisa Lutoff-Perlo’s 3,761 Amerant Bancorp (AMTB) Restricted Stock Units?
Footnotes state the 3,761 RSUs were granted on May 7, 2025 and would vest on the first anniversary, subject to continued service as a director. Each RSU is economically equivalent to one share of Class A Common Stock and delivers one share upon vesting.
What does transaction code M indicate in this Amerant Bancorp (AMTB) Form 4?
Transaction code M indicates the exercise or conversion of a derivative security. Here, it reflects the conversion of 3,761 Restricted Stock Units into 3,761 Amerant Bancorp Class A Common shares at $0.00 per share, a non-cash equity compensation event rather than a market trade.