📌 Key Filing Highlights
- Event Type: Disposal of Treasury Shares (Common Stock)
- Total Quantity: 5,360 shares of Common Stock
- Estimated Value: 272,824,000 KRW (~$206,300 USD based on 1323 KRW/USD)
- Purpose: Delivery of shares to employees under the Restricted Stock Unit (RSU) compensation plan
- Disposal Period: October 22, 2026, to November 22, 2026
Filing Overview and Core Decision
On October 22, 2026, the Board of Directors of HPSP approved the disposal of treasury shares to fulfill obligations under the company’s employee stock compensation program. The company will transfer a total of 5,360 shares of Common Stock to eligible employees who have met the vesting and exercise conditions of their Restricted Stock Units (RSUs).
Detailed Filing Terms and Specifications
| Metric | Details |
|---|---|
| Type of Shares | Common Stock |
| Number of Shares to be Disposed | 5,360 shares |
| Disposal Price per Share | 50,900 KRW (~$38.47 USD) |
| Total Estimated Disposal Amount | 272,824,000 KRW (~$206,300 USD) |
| Disposal Period | 2026-10-22 to 2026-11-22 |
| Disposal Method | Direct transfer from company treasury account to recipient accounts (Other) |
| Counterparty | Two (2) employees of HPSP |
| Treasury Share Status (Pre-disposal) | 881,247 shares (1.07% of total issued shares) |
| Board Approval Date | October 22, 2026 (Attended by 2 Independent Directors) |
Operational Purpose and Company Rationale
The company stated that the purpose of this disposal is to deliver treasury shares to employees as part of the Restricted Stock Unit (RSU) stock compensation system. Specifically, shares are being granted to employees whose rights have been finalized and who have applied for the exercise of those rights. HPSP expects the dilution effect on share value to be negligible, as the number of shares to be disposed of represents approximately 0.1% of the total issued shares and involves the transfer of existing treasury shares.