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