secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE (FNMA)
CIK:        0000310522
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000310522-24-000188
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Fannie Mae appoints Peter Akwaboah as EVP and COO, effective May 20, 2024
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- Peter Akwaboah appointed EVP and COO; currently Managing Director at Morgan Stanley.
- Total annual target direct compensation of $3.75M: base salary $600K, fixed deferred $2.025M, at-risk deferred $1.125M.
- Sign-on award of $1.75M ($1.25M + $500K) with repayment clauses if resignation or misconduct within one year.
- Relocation benefits offered; reimbursement required if employment ends within 18 months.
- Akwaboah served as Morgan Stanley's COO of Technology and Head of Innovation since 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000188/0000310522-24-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000188/fnm-20240217.htm
  HTML page:      https://secwatch.observer/filing/0000310522-24-000188

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