Harold Rogers, Coupang’s interim representative, received another large stock award in about two months. Coupang, Inc., Coupang’s parent company, d...
Harold Rogers , Coupang's interim representative, received another large stock award in about two months. Coupang, Inc., Coupang's parent company, disclosed on the 3rd that Rogers , Coupang's Chief Administrative Officer and head of legal who serves as acting representative of the Korean entity, was granted 213,884 restricted stock units of Class A common stock.
Based on Coupang's previous day's regular-session closing price of $18.95 on the New York Stock Exchange, this amounts to $4,053,102 . However, the shares can be received in four quarterly installments starting July 1, and receipt is conditional on remaining employed through those dates. If all of these shares are received, the total number of Coupang shares held by acting representative Rogers will increase to 933,041. In February, he also met the conditions for a performance stock unit award and received 269,588 shares. Acting representative Rogers is under police investigation on allegations including perjury before the National Assembly in Korea. Coupang also disclosed that on the same day Chief Financial Officer Gaurav Anand and Chief Accounting Officer Jonathan D. Lee were granted 260,402 and 65,338 shares, respectively.
Coupang's Interim Representative Receives Another Large Stock Grant…Worth $4 053 102 (6 140 000 000 KRW)
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