Samsung Electronics will dispose of 344.5 billion won worth of treasury shares to grant stock to employees in the finished goods (DX) institutional sector and the Compound Semiconductor Solution (CSS) business team under this year's labor-management agreement on performance bonuses.
Samsung Electronics disclosed that on the 7th its board resolved to dispose of 1,083,434 common shares for employee stock compensation. The planned disposal amount is 344,532,012,000 won. The disposal price per share was set at 318,000 won, based on the previous day's closing price.
This disposal of treasury shares is not an on-exchange sale. Samsung Electronics recorded the disposal method as "other" and disclosed that the shares will be deposited from the company's treasury share account into each eligible employee's individual account. The planned disposal period is only on the 8th.
The grantees are employees of the DX institutional sector and the CSS business team as of May 27 this year. Samsung Electronics disclosed the number of eligible people as 49,345. The counterparty is company employees, and the reason for selection is that they are recipients of treasury shares under the 2026 labor-management agreement on performance bonuses, it said.
Earlier, through this year's labor-management performance bonus agreement, Samsung Electronics decided to establish a special management performance bonus for the DS institutional sector, which handles the semiconductor business, funded by 10.5% of operating profit. It decided to grant company stock worth 6 million won to employees in the DX institutional sector and the CSS business team.
At the end of last month, Samsung Electronics notified eligible employees in the DX institutional sector and others that it would grant 22.65 shares of company stock per person. Of these, 22 shares will be granted as stock, and the fractional 0.65 share, which is less than one share, will be paid in cash.
Samsung Electronics said the actual number of shares disposed of, the share price, and the disposal amount may vary within the board-approved limit depending on the number of employees at the time of the treasury share grant and share price fluctuations. The 1,083,434 common shares being disposed of this time amount to 0.019% of Samsung Electronics' 5,846,278,608 total shares outstanding. Samsung Electronics said it expects the resulting dilution effect on share value to be minimal.
Samsung Electronics designated Samsung Securities, Shinhan Investment & Securities, and KB Securities as the broker-dealers for this treasury share disposal. Because it is not an on-exchange sale through the Korea Exchange, the one-day sell order quantity limit does not apply.