SK hynix President Kwak Nojung Receives Company Shares Worth 9.4 Billion Won as Long-Term Incentive

Holding 14,312 Shares, Up by 5,878 in a Month
Management Rewarded for Securing Leadership in the HBM Market
Ahn Hyun’s Holdings Increase by 1,485 Shares, Valued at 2.4 Billion Won

Kwak Nojung, President of SK hynix, has received company shares worth 9.4 billion won as a long-term performance incentive.

SK hynix announced on the 6th that, as of the 4th, President Kwak holds a total of 14,312 company shares, an increase of 5,878 shares compared to 8,434 shares reported on the previous disclosure dated April 7. The additional shares were awarded as stock compensation under the company’s long-term performance incentive plan, with SK hynix disposing of treasury shares for this purpose.

Based on the closing price of 1.6 million won per share on that day, the 5,878 shares are valued at approximately 9,448 million won.

During the same period, Ahn Hyun, President (Head of Development and CDO), also saw his company shareholdings increase by 1,485 shares, from 6,834 to 8,319 shares. He likewise received stock compensation through the long-term performance incentive, which, based on the closing price that day, amounts to approximately 2,376 million won.

Kwak Nojong, CEO of SK hynix, is giving a presentation at the 'SK AI Summit' held on the 3rd at COEX in Gangnam-gu, Seoul. Photo by Dongju Yoon

Previously, on April 22, SK hynix announced its plan to dispose of treasury shares and award them to President Kwak and two other executives, as well as to an outside director, in recognition of management’s contributions to securing leadership in the high bandwidth memory (HBM) market and to strengthen responsible management by linking individual compensation to corporate value enhancement. The disposal of treasury shares was scheduled for May 4.

The total number of shares to be awarded to President Kwak, President Ahn Hyun (Head of Development and CDO), and Park Jung-ho, Management Advisor (former Vice Chairman of SK hynix), was 12,271 shares. Based on the closing price that day, this amounts to approximately 19,633.6 million won.

No separate disclosure was made on that day regarding changes in the shareholdings of Park Jung-ho, the retired Management Advisor.

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