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Samsung to give $120M in stock to 1,051 execs, tied to record profits and AI/semiconductor growth.
Samsung Electronics will distribute 1.15 million treasury shares worth $120 million to 1,051 executives as part of its 2024 excess profit incentive program, with up to half of their pay in stock after a one-year vesting period.
The move, tied to strong financial results including a record $13.8 billion quarterly profit, aims to align leadership with long-term performance.
The shares represent 0.019% of outstanding stock and are expected to have minimal market impact.
Chairman Lee Jae-yong urged executives to prioritize innovation in AI and semiconductors, warning against complacency despite recent success.
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Samsung dará $ 120 millones en acciones a 1,051 ejecutivos, vinculados a ganancias récord y crecimiento de IA / semiconductores.