INNOSPACE Grants 18,000 Stock Options to Non-Registered Executive
INNOSPACE granted 18,000 stock options to non-registered executive Heo Jeong-woo with an exercise price of 13,810 KRW, approved by the board on July 6, 2026.
The options vest after two years and are exercisable from July 6, 2028 to July 5, 2033, aimed at employee retention and motivation.
Total outstanding stock options after this grant amount to 1,989,791 shares, representing approximately 7.09% of total shares outstanding, posing a potential dilution risk for existing shareholders.
[AI Summary]The incremental dilution from this grant is negligible at 0.06% of shares outstanding, but the cumulative overhang of over 7% warrants attention. The high exercise price of 13,810 KRW versus the current price of 7,820 KRW creates strong performance incentives for management.