Amerant Bancorp adopts new PSU agreement with modified performance metric and cash dividend equivalents

Amerant Bancorp Inc.

New form PSU agreement adopted Feb 11, 2025; performance metric changed to Relative Adjusted Return on Average Total Common Equity.
Payout ranges from 50% (Threshold) to 150% (Maximum) of target based on peer group percentile; modifier of -20% to +20% from Relative TSR.
Dividend equivalents will be paid in cash at vesting instead of shares, forfeited if PSUs do not vest.
Applies to named executive officers and Executive Management Committee under 2018 Equity and Incentive Compensation Plan.
Three-year performance period; vesting subject to continuous service; accelerated vesting on death, disability, termination w/o cause, or change in control.

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