Toss Bank Grants Stock Options to Employees on Their 1st Work Anniversary
[Asia Economy Reporter Kiho Sung] Toss Bank announced on the 25th that it has granted stock options to employees who have reached their first anniversary at the company.
On the same day, Toss Bank held a shareholders' meeting and decided to grant 600,000 stock options to 30 employees. Each eligible employee, including Jung Myung-jung, an inside director (CRO, Chief Risk Officer), and Choi Seung-rak, CCO (Chief Consumer Officer), will be evenly granted 20,000 shares.
The exercise price of these stock options is 5,000 KRW per share (par value). Eligible employees can exercise their stock options starting from November 30, 2023, two years after the grant date.
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Until now, Toss Bank has announced plans to introduce a stock compensation system for employees who contributed to the establishment of the bank. The purpose is to secure excellent talent with expertise and to share the fruits of business growth with shareholders and employees. Previously, in July, 680,000 shares were granted to 30 employees, including CEO Hong Min-taek.
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