Kim Yong-beom, vice chairman of Meriz Financial Group, realized a profit of 814 million won by exercising 990,000 shares of stock options just before the expiration of the exercise period at the end of last year.
According to the business report for 2024 announced by Meriz Financial Group on the 19th, Vice Chairman Kim exercised all 992,161 shares of stock options available last year and received 814.4 million won.
Vice Chairman Kim, who took office as CEO of Meriz Financial Group in 2014, was granted stock options for 1.232 million common shares in March 2015, but the number of shares available for exercise was adjusted due to share buybacks. The exercise period was until the end of last year.
Including stock options, Vice Chairman Kim's compensation last year reached 83.27 billion won, expected to record the highest in the financial sector.
Since taking office, Vice Chairman Kim has increased Meriz Financial Group's net profit from 237.6 billion won in 2014 to 2.3344 trillion won last year, a tenfold increase.
The stock price of Meriz Financial Group skyrocketed from 9,000 won at the end of 2014 to 104,000 won at the end of 2024, nearly a 12-fold increase. On the 19th, it closed at 120,100 won.
Meanwhile, during the same period, Choi Hee-moon, vice chairman of MERITZ Securities, and Kwon Tae-gil, representative of Meriz Capital, also exercised their stock options last year. Vice Chairman Choi exercised 426,953 shares at a price of 28,200 won per share, with an estimated profit of 27.8 billion won. Representative Kwon exercised 133,501 shares at 11,430 won, realizing an estimated profit of 11 billion won.