KT Decides to Dispose 106,657 Treasury Shares for Long-Term Performance Compensation, Limited Impact on Share Value
KT Corporation has decided to dispose of 106,657 treasury shares to compensate the CEO, inside directors, executive officers, and outside directors with long-term performance incentives and stock compensation for 2025.
The disposal price is set at KRW 63,000 per share based on the closing price on April 13, 2026, totaling KRW 6,719,391,000, with the disposal period from April 15 to May 20, 2026.
Before the disposal, KT holds 11,245,239 treasury shares accounting for 4.46% of total outstanding shares. The disposal represents only 0.04% of total shares, resulting in negligible dilution.
This corrective disclosure reflects changes in CEO from Kim Young-seop to Park Yoon-young and a re-approval by the board after the regular shareholders' meeting.
[AI Summary]KT's treasury share disposal is small in scale and executed at market price, limiting its impact on shareholder value. The purpose of long-term performance compensation aligns management incentives with company goals, making this a neutral event.
KOSPI Filing Information
Filing: [Correction of Description] Material Facts Report (Decision on Disposal of Treasury Shares)