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Samsung Electronics to Provide $120 Million in Treasury Shares to Executives

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Seoul, Jan 26 (IANS) Samsung Electronics said on Monday it plans to provide treasury shares worth 175.2 billion won ($120 million) to its executives under its excess profit incentive (OPI) system.The South Korean tech giant said in a regulatory filing that it will distribute a total of 1.15 million treasury shares to 1,051 executives under the incentive program, without selling the shares on the market.Under Samsung Electronics’ OPI system, employees can receive up to 50 percent of their annual …