Socar Corrects Stock Option Grant Disclosure - Total Granted Shares Reduced Due to Resignation
- Socar filed a correction to its stock option grant disclosure on May 12, 2026, originally resolved by the board on July 25, 2024
- Due to resignation of grantees, total granted shares decreased by 106,500 from 1,616,000 to 1,509,500
- Exercise price set at 18,978 won; exercise period from July 25, 2026 to July 25, 2029
- Vesting schedule: 50% after 2 years, 75% after 3 years, 100% after 4 years
- Settlement method: new share issuance or cash settlement at company's discretion
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Grant of Stock Options
- Company: SOCAR (403550)
- Submission: SOCAR, Inc.
- Receipt: 05-12-2026