secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-034225
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000162828024034225/0001628280-24-034225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000162828024034225/ospn-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034225

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