4//SEC Filing
MARTINEZ DALIA F 4
Accession 0001415889-23-006397
CIK 0000315709other
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 4:16 PM ET
Size
6.2 KB
Accession
0001415889-23-006397
Insider Transaction Report
Form 4
MARTINEZ DALIA F
VICE PRESIDENT
Transactions
- Award
STOCK APPRECIATION RIGHTS
2022-07-14+5,000→ 5,000 totalExercise: $39.33Exp: 2032-07-14→ COMMON STOCK (5,000 underlying)
Footnotes (2)
- [F1]These stock appreciation rights (these "SARs") were granted to the reporting person pursuant to the 2022 International Bancshares Corporation Stock Appreciation Rights Plan and a Stock Appreciation Rights Award Agreement between International Bancshares Corporation (the "Company") and the reporting person. These SARs represent the right to receive, upon exercise, a cash amount equal to the number of shares of the Company's common stock, par value $1.00 per share (the "Common Stock"), underlying the SARs being exercised multiplied by the excess of the fair market value of one share of Common Stock on (i) the date the SARs are exercised, and (ii) July 14, 2022, the date the SARs were granted (the "Grant Date").
- [F2]These SARs are subject to a seven-year vesting schedule and become exercisable in six percentage installments, vesting 5% on the second anniversary of the Grant Date, and 10%, 15%, 20%, 25%, and 25% on each respective anniversary of the Grant Date thereafter.
Documents
Issuer
INTERNATIONAL BANCSHARES CORP
CIK 0000315709
Entity typeother
Related Parties
1- filerCIK 0001916627
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 4:16 PM ET
- Size
- 6.2 KB