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[Alpha Biz=(Chicago) Reporter Kim Jisun] Naver Pay (Naver Financial) has decided to give all employees stock options (stock purchase options) worth 55 million won per employee. It is the third stock option to be granted after being separated from Naver. CEO Park Sang-jin received a stock option worth 2.8 billion won.
According to the Financial Supervisory Service's electronic disclosure system on the 14th, Naver Pay decided to give 380,000 stock options to 562 executives and employees on the 11th. The price of the event per week is 93,250 won, totaling 35.4 billion won. Stock options are the rights to buy a company's shares at a predetermined price after a certain period of time, and are granted to executives and employees.
The stock option paid to 559 employees, excluding executives, is 328,500 shares (30.6 billion won). It accounts for 86% of the total. Assuming that all employees received stock options at the same rate, they received stock options worth 54.8 million won per employee (based on the event price).
Naver Pay has been offering stock options to all employees for three consecutive years since it was spun off from Naver in 2019. In March last year, 414,600 stock options were given to 525 employees. A total of 38.7 billion won was received, with an average of 73.64 million won per person. In September 2022, 388,000 shares (36.2 billion won) were given to all 489 employees as stock options. It is worth 73.99 million won on average. As Naver Pay has given stock options three times, it is estimated that employees who have worked since 2022 will be able to exercise stock options worth more than 200 million won later.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)