2 million won per person is given to contract delivery staff.
Coupang announced a plan to give free stocks to on-site employees on the 15th ahead of listing on the New York Stock Exchange.
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.”
Prior to this, Coupang announced through a listing declaration file filed with the US Securities and Exchange Commission that it is facing an important step in the history of the company (called listing on the US stock market).
Subsequently, Coupang announced its plan to grant shares worth up to 100 billion won to frontline employees and non-managerial employees in recognition of their dedication to customers amid the Corona 19 crisis.
As of March 5, this year, Coupang’s delivery staff (Coupang friend), regular staff at the distribution center, and regular and contract workers at Levels 1 to 3 are eligible to receive shares. 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%.
Meanwhile, according to Coupang, this e-mail was sent only to the target audience, and plans to announce the number of shares individually granted. From the 16th, Coupang will operate a consultation call center for those subject to stock grants.
[시사경제신문=이다인 기자]
Copyright owner © Shisa Economic Daily Unauthorized reproduction and redistribution prohibited