secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001104659-22-047326
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000110465922047326/0001104659-22-047326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000110465922047326/tm2212979d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-047326

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