Humedics Grants Company Shares to Employees... "Stock Option Exercise"

"Efforts to Enhance Employee Compensation and Corporate Value"

Humedix announced on the 17th that the stock options granted to its employees in June 2021 will be exercised and paid out in treasury shares.

Humedics Second Factory. [Photo by Humedics]

The stock options were granted as compensation for employees, to promote future co-growth and a sense of responsibility, and to enhance company loyalty. Some of the initially granted stock options were canceled due to the adjustment of the exercise price following the refixing of the convertible bond conversion price by the board resolution in August and the resignation of some grantees.

The adjusted stock option exercise price is 34,350 KRW. A total of 155 employees can exercise 134,562 stock options until June 2, 2026. This amounts to approximately 4.6 billion KRW.

A Humedix official stated, "As the stock option exercise period arrived and the stock price recently rose, employees have exercised some of their stock options. Stock options are part of the employee compensation system aligned with the company's growth, and we will continue to introduce various policies for employees to promote co-growth and further enhance corporate competitiveness."

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