International Bancshares adopts 2022 SAR plan with 750K-share cap and amended management incentive plan

INTERNATIONAL BANCSHARES CORP

Approved Stock Appreciation Rights Plan allowing cash-settled SARs on up to 750,000 underlying shares; term ≤10 years.
Amended and Restated Management Incentive Plan caps traditional incentive payments at lesser of 2.5% of pre-tax income or $3M per officer/year.
Merchant banking incentive payments capped at lesser of $15M or 5% of transaction value per transaction.
Historically only CEO Dennis Nixon eligible for MIP; Compensation Committee retains sole discretion over awards.

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