WEBTOON (NASDAQ: WBTN) sets salary and equity for its president
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
WEBTOON Entertainment Inc. filed an amended report to disclose the compensation package for its President, Yongsoo Kim. The Board approved an annual base salary of KRW 711,110,000, described as approximately $500,000, plus a $500,000 short-term incentive opportunity.
Mr. Kim also received a long-term equity incentive opportunity consisting of $750,000 in restricted stock units and $750,000 in performance stock units, under an amended long-term assignment letter effective March 2, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Annual base salary: KRW 711,110,000 (approx. $500,000)
Short-term incentive opportunity: $500,000
RSU long-term incentive: $750,000
+3 more
6 metrics
Annual base salary
KRW 711,110,000 (approx. $500,000)
President Yongsoo Kim’s salary approved March 26, 2026
Short-term incentive opportunity
$500,000
Cash incentive opportunity for President Yongsoo Kim
RSU long-term incentive
$750,000
Restricted stock units for President Yongsoo Kim
PSU long-term incentive
$750,000
Performance stock units for President Yongsoo Kim
Assignment letter date
March 26, 2026
Amended long-term assignment letter execution date
Effective date of terms
March 2, 2026
Effective date of amended assignment letter
Key Terms
emerging growth company, short-term incentive opportunity, long-term equity incentive opportunity, restricted stock units, +2 more
6 terms
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
short-term incentive opportunity financial
"his short-term incentive opportunity will be $500,000"
long-term equity incentive opportunity financial
"his long-term equity incentive opportunity will be $750,000 of restricted stock units"
restricted stock units financial
"long-term equity incentive opportunity will be $750,000 of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"and $750,000 of performance stock units"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
amended long-term assignment letter regulatory
"Mr. Kim entered into an amended long-term assignment letter with the Company"
FAQ
What executive compensation did WEBTOON (WBTN) approve for President Yongsoo Kim?
WEBTOON approved a package including approximately $500,000 base salary, a $500,000 short-term incentive opportunity, and long-term equity incentives of $750,000 in restricted stock units and $750,000 in performance stock units, as detailed in an amended long-term assignment letter.
How much is Yongsoo Kim’s base salary at WEBTOON (WBTN)?
Yongsoo Kim’s annual base salary is set at KRW 711,110,000, which the company states is equivalent to approximately $500,000. This salary level reflects his role as President and is part of a broader package including cash incentives and equity awards.
What short-term incentive opportunity does WEBTOON (WBTN) provide to its President?
WEBTOON’s Board approved a $500,000 short-term incentive opportunity for President Yongsoo Kim. This incentive is in addition to his base salary and is typically tied to annual performance objectives, though specific performance conditions are not described in the provided disclosure excerpt.
What long-term equity incentives did WEBTOON (WBTN) grant to President Yongsoo Kim?
The long-term equity incentive opportunity includes $750,000 in restricted stock units and $750,000 in performance stock units. These awards are intended to align Mr. Kim’s interests with shareholders over time, under terms set in his amended long-term assignment letter.
Why did WEBTOON (WBTN) file an amended Form 8-K regarding its President?
WEBTOON filed the amendment to add compensation details for President Yongsoo Kim that were not determinable when the initial report was filed. The amendment focuses on his salary, bonus opportunity, and equity incentives, while leaving other prior disclosures in the initial report unchanged.
When did WEBTOON (WBTN) formalize President Yongsoo Kim’s compensation terms?
WEBTOON and Yongsoo Kim entered into an amended long-term assignment letter dated March 26, 2026, effective as of March 2, 2026. On the same date, the Board approved his base salary, short-term incentive opportunity, and long-term equity incentive components.
Filing Exhibits & Attachments
4 documents
WEBTOON ENTERTAINMENT INC.