Hive, 20-week RSU 'bonus' for all employees ahead of BTS full group release

Eve (352820) pays a bonus of 6 million won to all employees.

According to the financial investment industry, on the 25th, Hive announced through the company intranet that it would be granting 20 restricted stock units (RSU) per person to all employees of Hive and its domestic and overseas affiliates. Based on Hive’s closing price on that day (315,000 won), it is worth about 6.21 million won. It is interpreted as a measure to boost the morale of all employees ahead of the discharge of all members of the group BTS and the start of full-scale group activities. The specific timing of the RSU exercise has not been set.

This is the third time that Hive has issued RSUs to its employees. Last December, Hive issued 16,396 shares of its own stock in the form of RSUs to 34 employees, and last month, it issued a total of 12,142 shares of RSUs to 32 employees. A Hive official explained, “This RSU granting plan is intended to work together for the company’s growth and share the fruits of the effort.”

RSU is a long-term performance compensation system that is based on conditions such as performance achievement or employment for a certain period of time. Generally, it can be received only after working for a certain period of time or achieving a specific performance goal. While stock options are structured to grant the right to purchase stocks at a certain price and realize profits according to the increase in stock prices, RSU is a compensation method that considers both performance achievement and employment. For this reason, it is evaluated as a more effective incentive method for maintaining long-term performance and inducing commitment to the organization than stock options that are linked only to short-term stock prices.

https://n.news.naver.com/mnews/article/011/0004501471?sid=101

I envy the company employees. As they say, even if you are a slave, you should be a slave to the master's house. The company takes good care of its employees' morale. With BTS as a solid presence, the company is growing, and it's nice to see them sharing the fruits of that growth with their employees. As a fan, I think, "Wow, HYBE is really doing well!" As expected, the house where BTS is is different.