Amerant Bancorp details departure of President/COO Figueredo with $928k severance and accelerated vesting

Amerant Bancorp Inc.

Alfonso Figueredo stepped down as President and COO of Amerant Bancorp and Amerant Bank effective June 30, 2021.
Separation agreement provides cash severance of $928,780 payable over 12 months, plus accelerated vesting of 24,923 restricted shares.
Additional benefits include continued health coverage for up to one year and outplacement assistance for six months.
1,351 RSUs and 1,729 PSUs vested on termination date, settled in Class A common stock.
Figueredo granted a general release and remains bound by non-solicitation and confidentiality covenants.

item 5.02 item 9.01

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Departed

Alfonso Figueredo

President and Chief Operating Officer

AMTB · Amerant Bancorp Inc.

Effective: 2021-06-30
Filed: July 2, 2021, 7:59 PM ET

on June 1, 2021, Amerant Bancorp Inc. (the “Company”), Amerant Bank, N.A. (the “Bank”) and Alfonso Figueredo, President and Chief Operating Officer, agreed that Mr. Figueredo would step down from his positions with the Company and the Bank effective June 30, 2021

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alfonso Figueredo departed as President and Chief Operating Officer at Amerant Bancorp Inc..

Action: stepped down
Role: President and Chief Operating Officer

Exact text from the filing

on June 1, 2021, Amerant Bancorp Inc. (the “Company”), Amerant Bank, N.A. (the “Bank”) and Alfonso Figueredo, President and Chief Operating Officer, agreed that Mr. Figueredo would step down from his positions with the Company and the Bank effective June 30, 2021

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Amerant Bancorp Inc. filing history →

Source: SEC EDGAR

accession 0001734342-21-000046

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