---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-034225"
form_type: "8-K"
ticker: "OSPN"
cik: "0001044777"
company_name: "OneSpan Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:36:51.624539+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OneSpan appoints Victor Limongelli as permanent President and CEO effective July 31, 2024

## Summary
- Victor Limongelli, interim CEO since Jan 4, 2024, named permanent President and CEO.
- Annual base salary of $600,000; target bonus 100% of salary from 2025, $500,000 for H2 2024.
- One-time RSU grant of 100,000 shares (3-year vest) and performance-based grant up to 300,000 shares tied to $18/$20/$22 stock price targets.
- Annual long-term incentive award target value of at least $1,800,000 starting in 2025.
- Severance: 12 months base salary plus target bonus and COBRA upon qualifying termination.

## SEC filing metadata
- accession: 0001628280-24-034225
- form_type: 8-K
- ticker: OSPN
- cik: 0001044777
- company_name: OneSpan Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1044777/000162828024034225/0001628280-24-034225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1044777/000162828024034225/ospn-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-034225
- JSON: https://secwatch.observer/filing/0001628280-24-034225.json
- Plain text: https://secwatch.observer/filing/0001628280-24-034225.txt

## Key facts
- Executive change
  Victor Limongelli was appointed as President and Chief Executive Officer at OneSpan Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On July 31, 2024, the Board of Directors (the “ Board ”) of OneSpan Inc. (the “ Company ”) appointed Victor Limongelli as President and Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828024034225/0001628280-24-034225-index.htm

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