---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-047326"
form_type: "8-K"
ticker: "IBOC"
cik: "0000315709"
company_name: "INTERNATIONAL BANCSHARES CORP"
filed_at: "2022-04-19T23:59:59+00:00"
generated_at: "2026-06-26T06:38:48.952152+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-047326
- form_type: 8-K
- ticker: IBOC
- cik: 0000315709
- company_name: INTERNATIONAL BANCSHARES CORP
- filed_at: 2022-04-19T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315709/000110465922047326/0001104659-22-047326-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315709/000110465922047326/tm2212979d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-047326
- JSON: https://secwatch.observer/filing/0001104659-22-047326.json
- Plain text: https://secwatch.observer/filing/0001104659-22-047326.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.