📌 Key Filing Highlights
- Event Type: Disposal of Treasury Shares (Common Stock)
- Total Quantity: 74,000 shares of Common Stock
- Estimated Value: 2,549,300,000 KRW (~$1.91M USD based on 1334 KRW/USD)
- Purpose: Delivery of shares to employees under stock compensation plans (Stock Options and RSUs)
- Disposal Period: November 10, 2026, to December 24, 2026
Filing Overview and Core Decision
On November 10, 2026, the Board of Directors of HPSP approved the disposal of 74,000 shares of treasury common stock. This action is specifically designated for the fulfillment of employee stock compensation obligations, including the exercise of stock options and the vesting of Restricted Stock Units (RSUs). The shares will be transferred directly from the company’s treasury account to the accounts of the eligible employees.
Detailed Filing Terms and Specifications
| Metric | Details |
|---|---|
| Type of Shares | Common Stock |
| Number of Shares to be Disposed | 74,000 shares |
| Price per Share | 34,450 KRW (Closing price on the day prior to Board resolution) |
| Total Estimated Disposal Amount | 2,549,300,000 KRW (~$1.91M USD based on 1334 KRW/USD) |
| Disposal Period | 2026-11-10 to 2026-12-24 |
| Counterparties | 8 employees of HPSP |
| Method of Disposal | Direct transfer from company treasury account to recipient accounts (No brokerage involved) |
| Treasury Shares Held Prior to Disposal | 875,887 shares (1.1% of total issued shares) |
| Board Approval Date | November 10, 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 established stock compensation system. Specifically:
- Stock Options: Treasury shares will be issued to employees who have exercised their options, corresponding to the value of the exercise gains.
- RSUs: Treasury shares will be issued to employees whose rights have vested and who have applied for the exercise of those rights.
HPSP notes that the shares represent approximately 0.1% of the total issued shares, and since the shares are transferred from existing treasury holdings to employee accounts, the dilution effect on share value is expected to be minimal.