TSMC Issues Restricted Stock for Employees; CEO Wei Che-Jia Receives 412 Shares Valued at NT$370 Million
TSMC (2330) has announced the issuance of restricted stock rights for employees for the year 2024, with CEO Wei Che-Jia receiving 412 shares, down from 550 shares the previous year. Based on the closing price on April 28, this amounts to a market value of approximately NT$370 million, which is over NT$100 million less than the peak of NT$1160 on January 7 of this year.
To attract and retain senior executives and key talents, TSMC initiated the issuance of restricted stock rights for employees in 2022, linking compensation to shareholder interests and ESG (Environmental, Social, and Governance) outcomes.
Documents show that the total issuance cap for 2024's restricted stock rights is set at 4,185 shares, lower than the 6,249 shares in 2023. Wei was the top recipient with 412 shares, while the newly appointed co-CEO, Mi Yu-Chieh, and Qin Yong-Pei each received 111 to 112 shares.
