OneSpan grants CEO 300K PSUs with revenue targets; no SVB/Signature exposure

OneSpan Inc.

Company has no cash or cash equivalents with SVB or Signature Bank; both closed by regulators March 10 and 12, 2023.
SVB and Signature are customers; company expects no material impact from receiverships on results or finances.
Compensation Committee approved special 300,000 PSU award to CEO Matthew Moynahan tied to 2023-2025 revenue targets.
2023: 75,000 PSUs if 2023 revenue target met; 2024: sliding scale (50% at 95% target, 100% at 100%); 2025: up to 150,000.
PSUs vest after 2025 performance period; accelerated vesting on termination without cause, good reason, death, or change in control.

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