Amerant Bancorp finalizes CEO Plush's severance at $3.75M; equity vests partially

Amerant Bancorp Inc.

Jerry Plush stepped down as President and CEO effective Nov 5, 2025, per mutual agreement.
Severance payments total $3,747,182.66 (2x base salary plus avg bonus) paid in installments.
Pro-rata vesting of 38,343 PSUs and 15,432 RSUs plus dividend equivalent shares.
Company pays COBRA premiums for 18 months, life insurance for 24 months, up to $25K outplacement.
Release includes mutual non-disparagement and continuing confidentiality/ non-compete obligations.

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