UMC (NYSE: UMC) VP Hu Che-Jen trims stake with 10,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNITED MICROELECTRONICS CORP Vice President Hu Che-Jen reported an open-market sale of 10,000 common shares at 171.3 New Taiwan Dollars per share. After this transaction, he directly holds 3,214,080 common shares. This remaining position includes 828,800 shares of Restricted Stock Awards, with specified amounts scheduled to vest annually on December 5 from 2026 through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($1,713,000)
Net Sell
1 txn
Insider
HU CHE-JEN
Role
Vice President
Sold
10,000 shs ($1.71M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 10,000 | $171.30 | $1.71M |
Holdings After Transaction:
Common Shares — 3,214,080 shares (Direct, null)
Footnotes (1)
- New Taiwan Dollars Includes 828,800 shares of Restricted Stock Award (RSA) and a specified number of shares subject to the RSA will vest annually on December 5 from 2026 to 2029.
Key Figures
Shares sold: 10,000 shares
Sale price: 171.3 New Taiwan Dollars/share
Shares held after sale: 3,214,080 shares
+2 more
5 metrics
Shares sold
10,000 shares
Open-market sale of UMC common shares
Sale price
171.3 New Taiwan Dollars/share
Price for the 10,000-share open-market sale
Shares held after sale
3,214,080 shares
Direct UMC common share holdings post-transaction
Restricted Stock Awards
828,800 shares
Included within post-transaction direct holdings
RSA vesting schedule
Annually on December 5, 2026–2029
Future vesting dates for Restricted Stock Awards
Key Terms
open-market sale, Restricted Stock Award (RSA), New Taiwan Dollars
3 terms
open-market sale financial
"reported an open-market sale of 10,000 common shares at 171.3 New Taiwan Dollars"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Restricted Stock Award (RSA) financial
"Includes 828,800 shares of Restricted Stock Award (RSA) which will vest annually"
New Taiwan Dollars financial
"171.3 New Taiwan Dollars per share was the reported sale price"
The New Taiwan Dollar (NTD) is the official currency used in Taiwan for everyday transactions, like buying groceries or paying bills. For investors, it matters because its value can influence Taiwan’s economy and affect the profitability of investments related to the region. Changes in the currency’s strength can also impact international trade and financial markets involving Taiwan.
FAQ
What did UMC executive Hu Che-Jen do in this Form 4 transaction?
Hu Che-Jen executed an open-market sale of 10,000 UMC common shares. The transaction was reported as a sale at 171.3 New Taiwan Dollars per share, reflecting a routine change in his directly held share position as a company vice president.
What Restricted Stock Awards (RSA) are included in Hu Che-Jen’s UMC holdings?
His holdings include 828,800 UMC shares granted as Restricted Stock Awards. A specified number of these RSA shares will vest each year on December 5 from 2026 through 2029, reflecting equity-based compensation that becomes fully owned over time.
What is Hu Che-Jen’s role at UNITED MICROELECTRONICS CORP (UMC)?
Hu Che-Jen serves as a Vice President at UNITED MICROELECTRONICS CORP. His position as an officer makes his equity transactions reportable, giving investors transparency into changes in his direct ownership of the company’s common shares.
Were any derivative securities or options involved in this UMC Form 4?
No derivative securities or options were reported in this transaction. The filing describes a single non-derivative event: an open-market sale of 10,000 UMC common shares and the resulting updated total of directly held shares.