Amerant Bancorp Inc. — Director's Dealing 2025

Feb 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Amerant Bancorp Inc. (AMTB)
CIK: 0001734342
Period of Report: 2025-02-18

Reporting Person: Plush Gerald P (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-18	Class A Common Stock	M	19664	—	Acquired	164250.92	Direct
2025-02-18	Class A Common Stock	F	4816	$23.84	Disposed	159434.92	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-18	Restricted Stock Units LTI 2022	$0	M	4905	Disposed		Class A Common Stock (4905)	Direct
2025-02-18	Restricted Stock Units LTI 2023	$0	M	6222	Disposed		Class A Common Stock (6222)	Direct
2025-02-18	Restricted Stock Units LTI 2024	$0	M	8537	Disposed		Class A Common Stock (8537)	Direct
2025-02-18	Restricted Stock Units LTI 2025	$0	A	25167	Acquired		Class A Common Stock (25167)	Direct
2025-02-18	Performance Based Restricted Stock Units LTI 2025	$0	A	25168	Acquired		Class A Common Stock (25168)	Direct

Footnotes

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

F2: Includes 517.62 shares acquired under the Amerant Bancorp Inc. Employee Stock Purchase Plan on November 29, 2024.

F3: 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.

F4: On February 16, 2022, Mr. Plush was awarded 14,714 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. Plush remains in the continuous service of the Company or a subsidiary through each such date.

F5: On February 16, 2023, Mr. Plush was awarded 18,665 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. Plush remains in the continuous service of the Company or a subsidiary through each such date.

F6: On February 16, 2024, Mr. Plush was awarded 25,611 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. Plush remains in the continuous service of the Company or a subsidiary through each such date.

F7: On February 18, 2025, Mr. Plush was awarded 25,167 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. Plush remains in the continuous service of the Company or a subsidiary through each such date.

F8: Each performance-based restricted stock unit ("PSU") is the economic equivalent of one share of Class A Common Stock.

F9: PSUs awarded to Mr. Plush, 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 Total Common Equity at a Threshold, Target or Maximum level set by the Compensation and Human Capital Committee (the "Committee") futher 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, 2025 and ending on December 31, 2027, and in general can range from 40% to 180% of the PSUs. The number reported reflects the target number of PSUs Mr. Plush may earn.