Business Context and Reporting Period
This Form 6-K filing by Shinhan Financial Group Co., Ltd. covers the month of June 2004, specifically dated June 4, 2004. The report details the final determination of exercisable stock options granted to the management group (general manager level or equivalent) of the company and its subsidiaries.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on equity compensation adjustments.
Material Changes
The primary material change reported is the adjustment to the stock option pool granted on May 22, 2002. Out of the original 474,200 options granted, 10,946 options were cancelled. This reduction occurred because certain grantee managers retired before reaching the second anniversary of the grant date. Consequently, the final exercisable number of stock options was determined to be 463,254.
Guidance, Outlook, and Risks
The filing contains no management commentary, future guidance, outlook, risk factors, or contingencies beyond the specific administrative update regarding the stock option exercise conditions.
Key Facts for Investor Verification
- Original Grant Size: 474,200 stock options granted on May 22, 2002.
- Cancelled Options: 10,946 options cancelled due to early retirement of grantees.
- Final Exercisable Count: 463,254 options confirmed as exercisable.
- Reporting Authority: The report was signed by Byung Jae Cho, Chief Financial Officer.