Hanwha General Insurance CEO Kang Sung-soo Awarded Approximately 118,000 Shares as Performance Bonus
[Asia Economy Reporter Seo So-jung] Hanwha General Insurance will grant approximately 118,000 shares as performance bonuses to CEO Kang Seong-su.
Hanwha General Insurance announced after the market closed on the 19th that it plans to acquire 118,489 treasury shares for 507.13 million KRW.
In the disclosure, Hanwha General Insurance stated the purpose of acquisition as "performance compensation for the CEO and key executives."
The acquisition period is scheduled from the 22nd to June 21.
On the same day, Hanwha General Insurance decided to introduce Restricted Stock Units (RSU) as performance bonuses this year and to grant 118,489 shares to CEO Kang.
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The stock transfer restriction period is 10 years, and Hanwha General Insurance will transfer the acquired shares to CEO Kang in March 2031, 10 years later.
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