Form 4: TSMC VP Acquires Shares via ESPP and LTI Plan

Tzu-Sou Chuang, VP at Taiwan Semiconductor Manufacturing Co. (TSM), acquired company shares through the Employee Stock Purchase Plan and Long-Term Incentive Plan.

Summary

• Tzu-Sou Chuang, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), acquired shares of the company on May 8, 2026.
• The acquisition involved 2,695,165 common shares purchased under the issuer's Employee Stock Purchase Plan (ESPP) at an average price of $71.82 per share.
• Additionally, shares were acquired and held under the issuer's Long-Term Incentive (LTI) Bonus Plan, with the filer having obtained investment control over these shares.
• Following these transactions, the reporting person beneficially owns a total of 7,036 shares held indirectly by the LTI Trust and 5,668 shares held indirectly by the ESPP Trust.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to an insider acquiring shares, indicating confidence, but it lacks broader financial performance data.

Positives

• Insider purchase of company stock, indicating confidence from a key executive.
• Acquisition through employee benefit plans (ESPP and LTI) suggests ongoing participation and commitment to the company's long-term success.

Negatives

• The filing does not contain any negative information.

Risks

• The filing does not explicitly mention any risks.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which primarily reports on past transactions.

Industry Context

StockSavvy.ai notes that insider purchases, especially through employee plans, at major semiconductor firms like TSMC can signal management's belief in the company's sustained growth and market position, particularly relevant in a highly competitive and capital-intensive industry.

Stakeholder Impact

• Shareholders may view insider purchases positively, as it can indicate management's confidence in the company's future performance.
• Employees participating in the ESPP and LTI plans are directly benefiting from their continued employment and the company's stock performance.

Next Steps

• No specific next steps are outlined in this filing.

Key Dates

Keywords

TSMC, TSM, Form 4, Insider Trading, Employee Stock Purchase Plan, Long-Term Incentive Plan, Share Acquisition, Semiconductor, Taiwan Semiconductor Manufacturing Co.