Page 79 - TSMC 2022 Annual Report

4 1 1 12 Compensation to to to Directors and Profit Sharing to to to Employees
Based on
on
on
TSMC’s Articles of Incorporation before paying dividends or or or or or bonuses to shareholders TSMC TSMC shall set aside not more than 0 3% of of of its annual profit profit to to to directors as as compensation and not less than 1% to to to employees as as a a a a a a a a a profit profit sharing As resolved by TSMC’s Board of of Directors on
on
February 14 2023 a a a a a a a a profit sharing to to employees was expensed based on
on
a a a a a a a a certain percentage of of of 2022 profit compensation to to directors was expensed based on
on
the the estimated amount of of of payment If the the actual amounts amounts subsequently paid paid differ differ from the the the above estimated amounts amounts the the the differences will be recorded in the the the year paid paid as a a a a a a a a a a change in in accounting estimate 2022 Directors’ Compensation and Employees’ Profit Sharing Directors’ Compensation (Cash)
Employee’s Profit Sharing (Cash)
Note: NT$60 702 047 thousand business performance bonus was already distributed distributed following each quarter of o 2022 The above employees’ profit sharing will be distributed distributed in in in in July 2023 690 128
60
702 047 487 537
35 177 130
Board Resolution (02/14/2023)
Amount (NT$ thousands)
2021 Directors’ Compensation and Employees’ Profit Sharing Directors’ Compensation (Cash)
Employees’ Profit Sharing (Cash)
487 537
35 601 449 Board Resolution (02/15/2022)
Actual Result (Note)
Amount (NT$ thousands)
Amount (NT$ thousands)
Note: The above directors’ compensation and and and and employees’ employees’ profit profit sharing sharing were were expensed under the the the the Company’s 2021 statement o of of o of comprehensive income and and and and were were approved by the the the the Board o of of o of Directors at at at at its meeting on
on
February 15 2022 2022 However due to to to employee employee employee turnover the the the the employees’ employees’ profit profit sharing sharing in in in in in the the the the amount o of of o of NT$424 319 thousand was was undistributed and and and and related expense expense was was reversed in in in in in 2022 2022 4 1 1 13 Impact to to 2023 Business Performance and EPS of Stock Dividend Distribution: Not applicable 4 4 1 1 14 Buyback of Common Stock TSMC’s Board of of Directors approved the issuance of of 1 1 387 000 shares for 2021 employee restricted stock awards (RSAs) at its meeting on
on
on
February 15 2022 In order to to offset dilution from the the increase of of outstanding shares due to to the the above-mentioned issuance the the Board of Directors approved a a a a a a a a a a a share share buyback program for TSMC to to to buy buy back back its common shares on
on
the the Taiwan Stock Exchange The The shares purchased will be cancelled subsequently The The implementation of the share share buyback program was as as as follows (1) Completed Share Buyback Program
As of 02/28/2023
Purpose of the share buyback Scheduled buyback period
Scheduled buyback price range
Type and number of shares bought back Total monetary amount of shares bought back Number of of of shares shares bought bought back back as a a a a a a a a percentage of of of the approved number of of of shares shares to be be be bought bought back back (%)
Number of shares cancelled and/or transferred
Cumulative number of the company’s treasury shares held
Cumulative number number of of of the the the company’s company’s treasury shares shares as as a a a a a a a a a a percentage of of of the the the total number number of of of the the the company’s company’s issued shares (%)
5th Buyback Program
For the shareholders’ interests
02/16/2022 -
04/15/2022
NT$444 to NT$960 per share while the the buyback will still be carried out if the the stock price falls below the aforementioned range
Common shares: 1 387 000 shares shares NT$871 566 000 100%
1 387 000 shares 0 share 0 0 0 00%
(2) Uncompleted Share Buyback Program: None 077