Form 4: TSMC Executive Reports Stock Transactions

Taiwan Semiconductor Manufacturing Co. SVP Yeap Choh Fei reports transactions involving common shares acquired through employee plans.

Summary

• Yeap Choh Fei, SVP at Taiwan Semiconductor Manufacturing Co. (TSM), reported transactions on June 5, 2026.
• These transactions involved the acquisition of 213,375 common shares at a price of $76.01 per share, purchased through the company's Employee Stock Purchase Plan (ESPP).
• Additionally, 6,383 common shares were acquired and held under the ESPP.
• The filing also notes 10,581 common shares purchased by a trust with cash received from the company's Long-Term Incentive (LTI) Bonus Plan, over which the filer has investment control.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine transactions related to employee stock plans rather than significant strategic shifts or performance indicators.

Positives

• The reporting person, an SVP, is actively participating in employee stock purchase and long-term incentive plans, indicating alignment with shareholder interests.
• Acquisition of shares through ESPP and LTI plans suggests a commitment to the company's long-term performance.

Negatives

• The filing details the disposal of securities, which could be interpreted negatively if not part of a pre-planned strategy.
• Specific details on the total value of the LTI bonus plan are not provided, limiting a full assessment of compensation.

Risks

• The filing does not explicitly mention any risks. However, any stock transaction by a senior executive carries inherent market risk.
• The price of NT$2,392.5207 per share for the ESPP purchase, when translated to USD, reflects the prevailing market conditions at the time of the transaction.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it pertains to past transactions.

Management Comments

• The filing is a standard SEC Form 4 reporting beneficial ownership changes, not a platform for management commentary.
• The signature is provided by Shu-Hua Fang as an attorney-in-fact, indicating a delegation of signing authority.

Industry Context

StockSavvy.ai notes that insider transactions, particularly through employee plans like ESPP and LTI, are common within the semiconductor industry. These plans are often used to attract and retain talent and align executive interests with long-term company performance. TSMC's use of such plans is consistent with industry practices.

Related Party Transactions

• The transactions reported involve the reporting person (Yeap Choh Fei) and the issuer (Taiwan Semiconductor Manufacturing Co. Ltd.), which are standard related-party transactions within the context of employee compensation plans.

Stakeholder Impact

• Shareholders: The transactions reflect an executive's continued investment in the company through employee plans, which can be seen as a positive signal of confidence.
• Employees: The existence of ESPP and LTI plans benefits employees by offering opportunities for stock ownership and long-term incentives.
• Management: The filing confirms the participation of a senior executive in company-sponsored equity programs.

Next Steps

• No specific next steps are outlined in this filing, as it is a report of completed transactions.

Key Dates

Keywords

TSMC, TSM, Form 4, Stock Transaction, Employee Stock Purchase Plan, Long-Term Incentive Plan, Insider Trading, Beneficial Ownership, Yeap Choh Fei, SVP