| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/01/2024 |
3. Issuer Name and Ticker or Trading Symbol
Amerant Bancorp Inc. [ AMTB ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Stock | 16,275.53(1) | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units LTI 2023 | (2) | (2) | Class A Common Stock | 667 | (3) | D | |
| Restricted Stock Units LTI 2024 | (4) | (4) | Class A Common Stock | 1,000 | (3) | D | |
| Explanation of Responses: |
| 1. Includes 15,441.53 shares of Class A common stock owned outright; and 834 unvested shares of Class A Common Stock granted to the reporting owner in the form of restricted stock on February 16, 2022 (the "Restricted Stock"). The unvested Restricted Stock will vest on February 16, 2025 (the remaining anniversary of the date of the grant), provided Mr. Parra remains in the continuous service of the Company or a subsidiary through such date. |
| 2. On February 16, 2023, Mr. Parra was awarded 1,000 restricted stock units under the 2023-2025 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each restricted stock unit represents 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. |
| 3. Each restricted stock unit is the economic equivalent of one share of Class A Common Stock. |
| 4. On February 16, 2024, Mr. Parra was awarded 1,000 restricted stock units under the 2024-2026 Long Term Incentive Plan, a sub-plan of the 2018 Equity and Incentive Compensation Plan. Each restricted stock unit represents 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. |
| Remarks: |
| Executive Vice-President and Head of International Banking. A power of attorney for Section 16 reporting obligations is attached as Exhibit 24. |
| /s/ Julio V. Pena, as Attorney-in-Fact for Pedro Parra | 10/11/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||