Equity awards for Amerant Bancorp (AMTB) executive include RSUs and PSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Amerant Bancorp Inc. executive Pedro Parra reported multiple equity compensation transactions involving restricted stock units and common shares. On February 17, 2026, RSUs from 2023 and 2024 awards vested, converting into 334 and 333 shares of Class A Common Stock, respectively, each RSU being economically equivalent to one share.
Parra also received new long-term incentive awards of 4,675 RSUs and 4,675 performance-based RSUs tied to performance from January 1, 2026 through December 31, 2028, with the actual PSUs earned ranging from 40% to 180% of the target amount based on specified metrics. A total of 667 common shares were acquired through RSU conversions, and 161 shares at $22.73 were surrendered to cover tax withholding, leaving Parra with 17,736.2800 directly owned Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
667 shares exercised/converted
Mixed
6 txns
Insider
Parra Pedro
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units LTI 2023 | 334 | $0.00 | -- |
| Exercise | Restricted Stock Units LTI 2024 | 333 | $0.00 | -- |
| Grant/Award | Restricted Stock Units LTI 2026 | 4,675 | $0.00 | -- |
| Grant/Award | Performance Based Restricted Stock Units LTI 2026 | 4,675 | $0.00 | -- |
| Exercise | Class A Common Stock | 667 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 161 | $22.73 | $4K |
Holdings After Transaction:
Restricted Stock Units LTI 2023 — 0 shares (Direct);
Restricted Stock Units LTI 2024 — 334 shares (Direct);
Restricted Stock Units LTI 2026 — 4,675 shares (Direct);
Performance Based Restricted Stock Units LTI 2026 — 4,675 shares (Direct);
Class A Common Stock — 17,897.28 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") is the economic equivalent of one share of Class A Common Stock. Includes 261.73 and 265.97 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on May 30, 2025 and November 28, 2025, respectively. 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. Parra was awarded 1,000 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. Parra 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. Parra was awarded 1,000 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. Parra 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. Parra was awarded 4,675 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. Parra 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. Parra, 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. Parra may earn.
FAQ
What insider transactions did AMTB executive Pedro Parra report?
Pedro Parra reported RSU vesting, new RSU and PSU grants, and related share movements. RSUs from 2023 and 2024 vested into 667 Class A shares, he received 4,675 RSUs and 4,675 performance-based RSUs for 2026, and surrendered 161 shares for tax withholding.
What new RSU awards did AMTB grant to Pedro Parra in 2026?
On February 17, 2026, Parra received 4,675 time-based RSUs. Each RSU equals one Class A share upon vesting and is scheduled to vest in substantially equal installments over three years, subject to his continued service with Amerant Bancorp or its subsidiaries.
What performance-based RSUs did AMTB grant Pedro Parra and how are they earned?
Parra was granted 4,675 performance-based RSUs targeting a 2026–2028 performance period. The actual PSUs earned will depend on Relative Adjusted Return on Average Tangible Common Equity and Relative Total Shareholder Return, and can range from 40% to 180% of the target amount.
How do Amerant Bancorp RSUs reported by Parra vest over time?
The RSUs reported typically vest in three substantially equal annual installments. Awards from 2023, 2024, and the new 2026 grants vest over three years, conditioned on Parra’s continuous service with Amerant Bancorp or a subsidiary through each applicable vesting date.