Amerant Bancorp discloses $1.1M severance for departing Chief Commercial Banking Officer

Amerant Bancorp Inc.

Juan Esterripa stepped down as Chief Commercial Banking Officer on Sep 3, 2025; Separation Agreement signed Sep 23, 2025.
Receives $1,108,000 cash severance payable in 12 equal monthly installments plus $35,000 lump-sum expense payment.
Also gets up to 12 months of company-share COBRA premium stipend; health benefits end Sep 30, 2025.
If Esterripa breaches agreement, all separation payments (except COBRA) must be repaid within 30 days.
Company releases Esterripa from obligation to return $133,320 sign-on bonus (except for criminal/willful misconduct).

item 5.02item 9.01

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