HPSP has filed a corrective disclosure regarding the granting of stock options originally reported on March 29, 2024. The correction is primarily due to the partial cancellation of stock options following the resignation of a grant recipient.
As a result of this adjustment, the number of eligible recipients has decreased from 3 to 2, and the total number of Common Stock options granted under this specific tranche has been reduced from 60,000 shares to 40,000 shares. Consequently, the total outstanding stock options granted by the company have been revised from 2,217,536 shares to 2,197,536 shares.
- Exercise Price: 54,090 KRW (~$38.40 USD based on 1407 KRW/USD) per share
- Exercise Period: March 29, 2026, to March 29, 2030
- Grant Method: Issuance of new shares or cash-settlement (difference between market price and exercise price)