(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] EcoPro announced on the 20th that it will grant "restricted stock units" (RSUs) to its employees in celebration of its 26th anniversary on the 22nd.

Around 2,500 employees will receive a total of 127,456 shares. Of these, approximately 118,000 shares, or 93% of the total, will be allocated to general staff at the senior level or below.

In October 2022, EcoPro’s board of directors decided to issue RSUs to all employees, with a total of 254,913 shares approved for distribution. Half of these shares will be granted this year, with the remaining half to be distributed in October 2024.

The number of shares allocated to each employee was determined by a comprehensive evaluation of their position, years of service, and salary, with shares amounting to 15-20% of their annual salary. Employees of publicly listed subsidiaries will receive shares in their respective companies, while employees of non-listed subsidiaries will receive shares of the parent company. Employees can either receive the shares in their personal accounts or opt for a cash equivalent.

Despite challenges in the electric vehicle sector, EcoPro hopes that by fulfilling its RSU commitments, it can help employees and the company navigate these difficulties together. The company also believes that this RSU distribution will enhance both employee performance rewards and shareholder value.

 

 

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