Form 4: Amerant Bancorp EVP Chief Financial Officer Sharymar Calderon Reports Stock Transactions

Sharymar Calderon, EVP and Chief Financial Officer of Amerant Bancorp Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of Class A Common Stock.

Summary

• On June 3, 2024, Sharymar Calderon, the EVP and Chief Financial Officer of Amerant Bancorp Inc., reported transactions involving Class A Common Stock.
• These transactions include the vesting of 3,970 restricted stock units (RSUs) and the surrender of 967 shares to cover tax obligations.
• The vesting of RSUs occurred because the first anniversary of the grant date (June 1, 2023) fell on a Saturday, so the vesting occurred on the next business day.
• Following these transactions, Calderon directly owns 7,566.8 shares of Class A Common Stock and 3,737 restricted stock units.
• The reported transactions were made pursuant to the vesting of sign-on and long-term incentive plan RSUs.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading reporting, suggesting a neutral to slightly positive sentiment as it indicates continued employment and vesting of incentives.

Positives

• The vesting of RSUs indicates that Ms. Calderon has met the service requirements of her employment agreement.
• The vesting of RSUs under the Long Term Incentive Plan suggests that the company is incentivizing long-term performance.

Negatives

• The surrender of shares to cover tax obligations reduces the number of shares directly held by Ms. Calderon.

Future Outlook

The remaining RSUs will continue to vest in substantially equal installments on each of the remaining anniversaries of the grant date, provided Ms. Calderon remains in continuous service.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the trading activities of company executives.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) as a way to align the interests of executives with those of shareholders.
• Vesting schedules for RSUs typically range from three to five years, with vesting occurring annually or quarterly.
• Companies like JPMorgan Chase & Co. and Bank of America also use RSUs as part of their executive compensation plans, with similar vesting schedules and tax withholding practices.

Stakeholder Impact

• Shareholders are informed about executive compensation and stock ownership.
• Employees may be impacted by the vesting of RSUs as part of their compensation packages.

Key Dates