Kwak Noh-jung, president and CEO of SK hynix, and other key executives bought about 6.2 billion won worth of company shares by using stock options.
According to the industry on the 8th, President Kwak exercised stock options on the 6th to acquire 2,329 shares of SK hynix. Converted at the closing price on the day before the payment date (886,000 won), the amount comes to about 2.06 billion won. The stock option exercise price is 138,980 won per share.
President Ahn Hyun (head of development, CDO) likewise exercised stock options under the same terms to acquire 2,360 shares (2.09 billion won), and President Cha Sun-yong (head of the Future Technology Research Institute, CTO) acquired 2,329 shares (2.06 billion won).
This purchase of shares by the SK hynix chief and core management appears to demonstrate not only a commitment to responsible management but also a resolve to enhance shareholder value.