Amerant director exercises 3,761 RSUs into shares

Amerant Bancorp Inc. director Lisa Lutoff-Perlo exercised equity awards to receive additional common shares.

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.

Insights

Equity compensation analyst

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

Exercise 2 txns

Insider Lutoff-Perlo Lisa

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

Holdings After Transaction: Restricted Stock Units 2025 — 0 contracts (Direct); Class A Common Stock — 4,261 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.
2. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

Did Lisa Lutoff-Perlo buy or sell Amerant Bancorp (AMTB) shares in this Form 4?

She did not buy or sell shares on the open market. Instead, she acquired 3,761 Amerant Bancorp Class A Common shares through the vesting and conversion of 3,761 Restricted Stock Units, a routine equity compensation event reflected with transaction code M.

How many Amerant Bancorp (AMTB) shares does Lisa Lutoff-Perlo own after this transaction?

After converting 3,761 Restricted Stock Units into common shares, Lisa Lutoff-Perlo directly owns 4,261 shares of Amerant Bancorp Class A Common Stock. This figure, reported in the Form 4, represents her direct ownership immediately following the RSU vesting transaction.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 07:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lutoff-Perlo Lisa

(Last) (First) (Middle)

C/O AMERANT BANCORP INC.

220 ALHAMBRA CR

(Street)

CORAL GABLES FLORIDA 33134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Amerant Bancorp Inc. [ AMTB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/07/2026		M		3,761	A	$0(1)	4,261	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units 2025	$0(1)	05/07/2026		M			3,761	(2)	(2)	Class A Common Stock	3,761	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock.

2. 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.

Remarks:

	/s/ Julio V. Pena, as Attorney-in-Fact for Lisa Lutoff-Perlo	05/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)