175.2 billion won paid to 1,051 executives
Program to be expanded to employees starting this year
Samsung Electronics has completed the first payout under its newly introduced stock-based performance compensation program for executives. Through this program, which allows executives to receive a portion of their Overarching Performance Incentive (OPI) in company shares, Roh Taemoon, President and Head of the Device Experience (DX) Division, received the largest amount among executives, with shares worth 6.2 billion won.
According to Samsung Electronics on February 3, the company granted a total of 1,152,022 treasury shares to 1,051 executives on January 26. The total value is 175.2 billion won. OPI is a performance-based bonus that is paid when a business division’s results exceed its targets, and can amount to up to 50% of an executive’s annual salary within a limit of 20% of the excess profit. In January last year, Samsung Electronics introduced a new制度 that allows executives to receive their OPI in the form of company shares in order to strengthen accountable management. The latest grant is compensation for performance in 2024.
Under the conditions set at the time of introduction, if the share price falls compared to the time the agreement is signed, the number of shares granted is reduced in proportion to the rate of decline. If the share price is the same or higher, the agreed quantity is granted in full. As of the payment date, the share price was 152,100 won.
By individual executive, Roh Taemoon, Head of the DX Division, received 40,579 shares (approximately 6,172.07 million won), making him the top recipient by value. He was followed by Vice Chairman Jung Hyunho, who has stepped back from front-line management and now serves as an advisor to the chairman, with 13,368 shares (approximately 2,033.28 million won). Park Hakkyu, President and Head of the Corporate Support Office, received 10,736 shares (approximately 1,632.94 million won).
Next, Choi Wonjoon, Head of Development at the Mobile Experience (MX) Division and Chief Operating Officer (COO, President), received 9,984 shares (approximately 1,518.56 million won), while Yung Sukwoo, President of the Visual Display Business, received 5,316 shares (approximately 808.50 million won).
Jeon Younghyun, Vice Chairman and Head of the Device Solutions (DS) Division, which oversees the semiconductor business, received 5,135 shares (approximately 781.03 million won). In the case of Vice Chairman Jeon, the payout amount is known to be smaller than that of other presidents because his number of working days has been relatively low since he took office as division head in May 2024.
Samsung Electronics will expand the application of this制度 to employees starting this year. As a result, employees will also be able to choose to receive part of their performance bonus in shares.
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