Socar, Correction on Stock Option Grant (Reduction Due to Cancellation)
- Socar announced a correction to its stock option grant approved by the board in August 2023 and shareholders in March 2024, due to a resignation of a grantee
- Number of grantees reduced from 9 to 8, and shares granted decreased from 66,750 to 49,250
- Total outstanding stock options after this grant changed to 1,509,500 shares
- Exercise price: 13,713 won; exercise period: 2025.08.08~2028.08.08; 50% exercisable after 2 years
- Fair value estimated using binomial model: expected life 3-5 years, risk-free rate 3.69-3.73%, expected volatility 38.16%
ADVERTISEMENT (250px+)
KOSPI Filing Information
- Filing: [Correction of Description] Report on Grant of Stock Options
- Company: SOCAR (403550)
- Submission: SOCAR, Inc.
- Receipt: 05-12-2026