SK Telecom (017670) will transfer 1,061 of its own common shares, worth ₩105.7m, to its five independent directors as part of their remuneration, the company said in a filing on Thursday.
The shares move out of the company's treasury account into the directors' own accounts between 28 August and 30 September, an off-market transfer handled by SK Securities. The number each director receives differs according to role.
The board resolved the disposal on 27 August with all five independent directors present and none absent. Shareholders approved the underlying plan for retaining and disposing of treasury stock at the annual meeting on 26 March.
The whole grant is worth 0.03% of the ₩375.1bn SK Telecom (017670) reported in net income for FY2025.
The company describes the arrangement as a programme tying independent-director pay to corporate value, and puts the dilution effect at 0.0005% of the 214,790,053 shares in issue, which it calls negligible.
The shares were valued at the ₩99,600 close on 26 August. SK Telecom held 1,732,142 treasury shares before the decision, down from 1,807,778 at the start of the year.
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| Symbol | Last Price |
|---|---|
| 017670SK Telecom Co., Ltd. | ₩92,500 +3.9% |