Treasury Share Disposal for RSU Grant to Employees (732 shares)
Original: 주요사항보고서(자기주식처분결정)
Summary
Park Systems' board approved the disposal of 732 treasury common shares, valued at approximately KRW 218.5 million based on the May 12, 2026 closing price of KRW 298,500. The shares will be transferred from the company's treasury account to long-tenured employees and executives as Restricted Stock Unit (RSU) grants whose vesting conditions have been met. This is not an open-market sale but a direct account transfer, so there is no impact on market float or trading volume. The disposal represents only 0.01% of total shares outstanding, making dilution effects negligible. The disposal period runs from May 14, 2026 to August 13, 2026, with KB Securities acting as the brokerage intermediary.
Full Translation
Material Event Report (Decision on Disposal of Treasury Shares)
6.2
Park Systems Corporation
Material Event Report / Exchange Reporting Obligation
To: Financial Services Commission / Korea Exchange
May 13, 2026
Company Name: Park Systems Corporation
Representative Director: Park Sang-il
Head Office Location: 150, Gwacheon-daero 12-gil, Gwacheon-si, Gyeonggi-do
(Tel) 02-2660-6400
(Website) https://www.parksystems.com
Responsible Officer: (Title) Vice President (Name) Cho Yeon-ok (Tel) 02-2660-6400
Decision on Disposal of Treasury Shares
1. Shares to be Disposed (shares)
- Common stock: 732
- Other shares: -
2. Disposal Price per Share (KRW)
- Common stock: 298,500
- Other shares: -
3. Total Disposal Amount (KRW)
- Common stock: 218,502,000
- Other shares: -
4. Disposal Period
- Start date: May 14, 2026
- End date: August 13, 2026
5. Purpose of Disposal
- Grant of RSUs as compensation for officers and employees
6. Method of Disposal
- Sale through the market: -
- After-hours block trade: -
- Off-market disposal: -
- Other: 732
7. Counterparty
- One individual and 25 others (anonymized)
8. Entrusted Investment Broker
- KB Securities Co., Ltd.
9. Treasury Share Holdings Before Disposal
- Acquired within distributable profit range: Common stock 43,327 (ratio 0.6%)
- Other shares: -
- Other acquisitions: -
10. Date of Disposal Decision: May 13, 2026
- Outside director attendance: 6 attended, 0 absent
- Auditor (audit committee member who is not an outside director) attendance: -
11. Daily Sell Order Volume Limit
- Common stock: -
- Other shares: -
12. Other Matters for Investment Reference
1) The 'Disposal Price per Share' is the closing price on the day before the board resolution date (May 12, 2026).
2) The 'Total Disposal Amount' is based on the closing price the day before the board resolution; the actual disposal amount may vary depending on the share price at the time of disposal.
3) Once all payments during the 'Disposal Period' are completed, a results report will be disclosed immediately.
4) The 'Purpose of Disposal' is to grant 732 treasury shares to long-tenured employees and executives whose RSU vesting has been triggered.
5) The 'Method of Disposal' involves transferring shares from the company's treasury share account to the recipients' accounts on the grant date.
6) The '10. Outside Director Attendance' figure includes 2 non-executive directors.
7) The 'Daily Sell Order Volume Limit' is not applicable as this is not an on-market sale.
[Treasury Share Holdings Before Disposal Decision] (Unit: shares)
Acquisition Method | Share Type | Opening Balance | Acquired (+) | Disposed (-) | Cancelled (-) | Ending Balance | Notes
- Acquired via Trust Agreement / Trustee Holdings: Common stock — Opening 45,327, Disposed 2,000, Ending 43,327
- Subtotal (b): Common stock — Opening 45,327, Disposed 2,000, Ending 43,327
- Total (a+b+c): Common stock — Opening 45,327, Disposed 2,000, Ending 43,327
(All other acquisition methods and 'other shares' categories: nil)
* Opening balance is as of January 1, 2026; ending balance is as of the disclosure document preparation date.
[Additional Disclosures]
1. Relationship of counterparties to the company or largest shareholder: Long-tenured employees and executives of Park Systems.
2. Reason for selecting counterparties: Reward for long-term service and executive performance.
3. Number of shares disposed per counterparty: 732 common shares of Park Systems Corporation in aggregate.
4. Basis for price calculation: Closing price on the day before the board resolution (May 12, 2026).
5. Expected dilution effect on share value: The treasury shares to be disposed represent 0.01% of total issued shares; dilution effect is negligible.
6. Other matters for investment reference: Not applicable.
-1.07%
Past performance does not guarantee future results. Small sample sizes may not be representative. For informational purposes only.