Naver Grants 1.06 Million Stock Options to 3,084 Employees: "Sharing Growth Potential"

[Asia Economy Reporter Wondara] Naver announced on the 26th that it will grant stock options totaling 1,069,869 shares to 3,084 employees. The exercise price is 186,000 KRW.

162,869 shares granted to employees who have worked for more than 2 years can be exercised over 5 years starting 2 years later. The 907,000 shares granted to executives and key talents who have worked for more than 3 years can be exercised only if the closing price during the 10 days immediately before the exercise start date exceeds 192,000 KRW. The exercise period is from February 26, 2023, for 5 years.

Naver has been granting stock options to all employees annually since last year. So far, 2,288,981 shares have been granted.

The company explained, "Through this stock option grant, we aim to share future growth potential with employees, secure the fundamental driving force to increase corporate value in the mid to long term, and based on this, strive to enhance shareholder value."