Form 4: Amerant Bancorp Director Millar Wilson Reports Stock Unit Activity
SEC Form 4
Director Millar Wilson reports the vesting of restricted stock units and adjustments to beneficial ownership of Amerant Bancorp Inc. shares.
Summary
- On June 7, 2024, Millar Wilson, a director of Amerant Bancorp Inc., reported transactions involving restricted stock units (RSUs).
- Wilson acquired 2,892 shares of Class A Common Stock upon the vesting of RSUs at a price of $0.
- Following the transaction, Wilson directly owns 118,775 shares of Class A Common Stock.
- Wilson also holds 2,854 derivative securities in the form of RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The reporting person holds additional RSUs that will vest in the future, contingent on continued service as a director.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the total number of outstanding shares and the ownership structure of the company, which may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| June 7, 2023 | Reporting person was granted 2,892 restricted stock units vesting on the first anniversary of the grant date. |
| May 8, 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. |
| June 7, 2024 | Transaction date: 2,892 restricted stock units vested. |
| June 11, 2024 | Date of signature for the Form 4 filing. |
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