NEXON Co., Ltd. is issuing 2,749,912 stock options as part of its 30th round of director remuneration, approved during the March 25, 2026, Annual General Meeting of Shareholders.
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The stock options are scheduled for issuance on April 10, 2026, with each unit convertible into one share of common stock.
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The grant is restricted to current directors, specifically covering two individuals who are not members of the Audit and Supervisory Committee, one of whom is an external director.
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Recipients are granted a ten-year exercise period starting from the April 10, 2026, grant date, provided they generally remain directors of the company.
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The options are issued without requiring cash payment and include standard anti-dilution adjustment mechanisms for corporate actions like stock splits or mergers.
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NEXON retains the right to acquire the options without payment in specific restructuring scenarios, such as corporate demergers or share exchanges, and requires Board approval for any transfer of the options.
Insights
01
NEXON Co., Ltd. is issuing 2,749,912 stock options as part of its 30th round of director remuneration, approved during the March 25, 2026, Annual General Meeting of Shareholders.
02
The stock options are scheduled for issuance on April 10, 2026, with each unit convertible into one share of common stock.
03
The grant is restricted to current directors, specifically covering two individuals who are not members of the Audit and Supervisory Committee, one of whom is an external director.
04
Recipients are granted a ten-year exercise period starting from the April 10, 2026, grant date, provided they generally remain directors of the company.
05
The options are issued without requiring cash payment and include standard anti-dilution adjustment mechanisms for corporate actions like stock splits or mergers.
06
NEXON retains the right to acquire the options without payment in specific restructuring scenarios, such as corporate demergers or share exchanges, and requires Board approval for any transfer of the options.