NH Investment & Securities said on the 2nd that it launched a service linking stock compensation plans within its mobile trading service (MTS) in partnership with Quotalab, a stock compensation management platform corporations.
The company said the service is meaningful in that it is the industry's only MTS-linked service for stock compensation plans using a post-grant payment method. The service does not require opening a separate dedicated account, and it is automatically reflected on the MTS account balance screen.
Corporations using the service can operate stock compensation plans without complicated procedures, and corporate executives and employees can easily check their stock compensation details through NH Investment & Securities' smartphone app. It also implemented a one-stop service that handles everything from contract to grant to management through collaboration with Quotalab.
NH Investment & Securities plans to additionally open services for stock compensation plans using a pre-grant method within the year, such as restricted stock awards (RSA) and employee stock purchase plans (ESPP). In particular, starting this month, it is scheduled to sign contracts with multiple corporations including ENCell, and is actively discussing adoption with other listed corporations.
Kang Min-hun, head of the Digital Business Division at NH Investment & Securities, said, "This service will go beyond simple compensation plan administration and become a foundation on which corporations and their executives and employees can grow together," and "We plan to continue expanding the service by strengthening collaboration with Quotalab."