Coupang “Contract delivery staff also has stocks… worth 2 million won per person”
(Seoul = Yonhap News) Reporter Hwang Hee-kyung = Coupang, which is about to be listed on the New York Stock Exchange in the United States, has revealed a plan to grant free stocks to on-site employees.
Kang Seung, CEO of Coupang, said in an email sent to employees this morning, “Through this one-time share grant program, we will receive about 2 million won worth of shares.”
As of March 5, this year, Coupang delivery staff (Coupang friend) who are working at Coupang and its subsidiaries, regular staff at the distribution center, and regular and contract workers at Levels 1-3. Among these, employees who have been granted shares in the past are excluded.
Shares distributed to them are contingent stock (RSU). From the date of receipt of the stock, if you work for one year, you will receive 50%, and if you work for two years, you will receive the remaining 50%.
This e-mail was sent only to the target audience, and the number of shares granted individually will be announced again. From the 16th, Coupang will operate a consultation call center for those subject to stock grants.
Earlier, through the listing declaration file submitted to the U.S. Securities and Exchange Commission, Coupang congratulated an important step in the company’s history (called listing on the U.S. stock market) and acknowledged its commitment to customers amid the new coronavirus infection (Corona 19). “We will provide stocks worth up to 100 billion won to frontline workers and non-manager employees.”
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