secwatch.observer — SEC 8-K summary
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Issuer:     AGNC Investment Corp. (AGNC)
CIK:        0001423689
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0001423689-24-000053
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AGNC amends Gary Kain's employment: $1.8M target bonus, $2.1M LTIA for 2025
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- 12-month initial term from Jan 1, 2025; auto-renews annually unless 90-day notice given.
- Annual cash bonus target of $1.8M for 2025+; payout 0-200% based on performance metrics.
- Annual long-term incentive award target $2.1M: 67% performance-vested over 3 years, 33% time-vested.
- Base salary unchanged at $500K/year; termination provisions unchanged.
- Agreement effective Jan 1, 2025, supersedes prior Dec 10, 2020 agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423689/000142368924000053/0001423689-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423689/000142368924000053/agnc-20240719.htm
  HTML page:      https://secwatch.observer/filing/0001423689-24-000053

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