Toss Bank Grants Stock Options to 51 Employees on Their 1st Anniversary of Joining

Stock Options Granted to 51 Employees Marking 1st Anniversary of Joining
95,6000 Shares at Exercise Price of 5,000 KRW... Exercisable 2 Years After Grant Date

[Asia Economy Reporter Song Hwajeong] Toss Bank is granting stock options to employees who have reached their first anniversary with the company.

On the 27th, Toss Bank announced that it held an extraordinary general meeting the previous day and decided to grant a total of 956,000 stock options to 51 employees. The type of stock is registered common stock. The options will be granted in the form of new stock issuance, with an exercise price of 5,000 KRW per share based on the par value.

The grant date is May 31. Eligible employees can exercise the options for five years starting from May 31, 2024, which is two years after the grant date.

A Toss Bank official stated, "We have introduced a stock compensation system for employees who have contributed to the establishment of the bank," adding, "The purpose is to secure talented professionals and to share the fruits of business growth with shareholders and employees."

Previously, Toss Bank granted stock options to 75 employees in three rounds in July and November of last year, and February of this year.