Form 4: Amerant Bancorp Director Erin D. Knight Reports Stock Unit Vesting
SEC Form 4
Director Erin D. Knight reports vesting of restricted stock units in Amerant Bancorp Inc.
Summary
- On June 7, 2024, Erin D. Knight, a director of Amerant Bancorp Inc., reported the vesting of 2,892 Class A Common Stock restricted stock units (RSUs).
- Following the transaction, Knight directly owns 3,392 shares of Class A Common Stock and 2,854 derivative securities.
- The RSUs vested on the first anniversary of the grant date, June 7, 2023.
- Knight also holds 2,854 RSUs granted on May 8, 2024, which will vest on the first anniversary of the grant date, contingent on continuous service as a Director through the 2025 annual meeting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock unit vesting, indicating a neutral sentiment.
Future Outlook
The document outlines future vesting of RSUs contingent on continued service as a director.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and equity ownership of company directors.
Stakeholder Impact
- The vesting of RSUs impacts the director's equity stake in the company.
- Shareholders are informed about changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Reporting person was granted 2,892 restricted stock units vesting on the first anniversary of the grant date. |
| 05/08/2024 | Reporting person was granted 2,854 RSUs that will vest on the first anniversary of the date of the grant, provided the reporting person remains in continuous service of the Company as a Director through the 2025 annual meeting of the shareholders of the Company. |
| 06/07/2024 | Vesting of 2,892 restricted stock units. |
| 06/11/2024 | Date of signature for the Form 4 filing. |
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