secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000857855-23-000058
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Community Banks adopts new Executive Incentive Plan effective for FY2024
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- Plan replaces the 2007 annual incentive plan; adopted Oct 31, 2023 by Talent and Compensation Committee.
- Applies to fiscal years beginning with 2024; eligible employees are EVP and above.
- Cash awards based on performance measures such as EPS, revenue, ROE; Committee sets targets and payouts.
- Awards conditioned on continued employment through payment date; subject to Company clawback policies.
- Plan may be amended or terminated by Committee at any time without impairing awarded but unpaid incentives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000085785523000058/0000857855-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000085785523000058/ucbi-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000857855-23-000058

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