SK hynix disclosed on the 22nd that it will dispose of treasury shares worth 15.34 billion won to pay compensation to executives and outside directors.
The number of shares SK hynix plans to dispose of is 12,536 common shares. The price of the shares to be disposed is 1,224,000 won, the closing price on the day before the board resolution.
The company said the main purpose of this disposal is to grant shares for outside director stock compensation and the exercise of long-term performance pay. The recipients are six outside directors who are in office on the payment date. In addition, three executives who exercise rights under long-term performance pay agreements.
Retired executives are also included. The shares will be granted through off-exchange disposal between the 23rd and May 22. SK hynix said, "The number of treasury shares being disposed this time is less than 0.01% of the total number of issued shares, so the dilution effect on share value is minimal."