secwatch.observer — SEC 8-K summary
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Issuer:     Amerant Bancorp Inc. (AMTB)
CIK:        0001734342
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001734342-25-000017
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1734342/000173434225000017/0001734342-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1734342/000173434225000017/amtb-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001734342-25-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer