UMC (NYSE: UMC) vice president Chen reports 2.48M-share Form 3 holding
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
UNITED MICROELECTRONICS CORP vice president Chen Ming‑Tsung has filed an initial Form 3 reporting his equity stake in the company. The filing shows direct beneficial ownership of 2,484,660 Common Shares after the reported entry.
This total includes 674,600 shares granted as a Restricted Stock Award (RSA). According to the footnote, a specified number of these RSA shares will vest each year on December 5 from 2026 through 2029, meaning portions of this award become fully owned over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHEN MING-TSUNG
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 2,484,660 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Total Common Shares held: 2,484,660 shares
Restricted Stock Award shares: 674,600 shares
RSA vesting schedule: Annually on December 5, 2026-2029
3 metrics
Total Common Shares held
2,484,660 shares
Direct ownership reported on Form 3
Restricted Stock Award shares
674,600 shares
Included within total Common Shares
RSA vesting schedule
Annually on December 5, 2026-2029
Vesting timing for Restricted Stock Award
Key Terms
Form 3, Restricted Stock Award (RSA), vest
3 terms
Form 3 regulatory
"Vice President Chen Ming‑Tsung has filed an initial Form 3 reporting his equity stake"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Restricted Stock Award (RSA) financial
"Includes 674,600 shares of Restricted Stock Award (RSA) and a specified number"
vest financial
"a specified number of shares subject to the RSA will vest annually on December 5"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What does Chen Ming-Tsung’s Form 3 filing for UMC report?
The Form 3 shows that vice president Chen Ming-Tsung directly holds 2,484,660 Common Shares of UNITED MICROELECTRONICS CORP. This includes a substantial Restricted Stock Award component that vests in tranches between 2026 and 2029, reflecting long-term equity-based compensation.
When will Chen Ming-Tsung’s Restricted Stock Award in UMC vest?
The footnote explains that a specified number of Chen Ming-Tsung’s 674,600 RSA shares will vest annually on December 5 from 2026 to 2029. This schedule gradually converts restricted shares into fully vested shares over four consecutive years.
What type of security does Chen Ming-Tsung hold in UNITED MICROELECTRONICS CORP?
Chen Ming-Tsung’s reported position consists of Common Shares of UNITED MICROELECTRONICS CORP. Within this total, 674,600 shares are designated as a Restricted Stock Award (RSA), which vest in annual installments from 2026 through 2029.