Toss Bank Grants 340,000 Stock Options to Employees on Their 1st Anniversary

[Asia Economy Reporter Bu Aeri] Toss Bank announced on the 18th that it will grant stock options to employees who have completed one year of service.

On the same day, Toss Bank held an extraordinary general meeting of shareholders and decided to grant a total of 340,000 stock options to 17 employees.

The type of stock is registered common stock. It will be granted in the form of new shares issuance, and the exercise price is 5,000 KRW per share based on the par value.

The eligible employees can exercise the stock options for five years starting from February 28, 2024, which is two years after the grant date.

Toss Bank introduced a stock compensation system for employees who contributed to the establishment of the bank. In July and November of last year, stock options were granted to 60 employees in two rounds.

A Toss Bank official explained, "The purpose is to secure excellent talent with expertise and to share the fruits of business growth together with shareholders and employees."

This content was produced with the assistance of AI translation services.