• Addresses the critical challenge of polysemy and semantic imbalance in event extraction triggers and arguments.
• Introduces a reward–penalty mechanism that balances semantic distribution by rewarding correct classifications and penalizing incorrect ones.
• Adds a sentence-level event situation awareness mechanism to enhance target event semantics.
• Demonstrates state-of-the-art performance on ACE2005 and ERE datasets, outperforming single-task and multi-task baselines.