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

Kuo-Chin Hsu, VP at TSMC, reported the acquisition of 6,459 American Depositary Shares through the company's Employee Stock Purchase Plan (ESPP) and additional shares held in an LTI Trust.

Summary

• Kuo-Chin Hsu, a Vice President at Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), has reported transactions related to company shares.
• On April 9, 2026, 6,459 American Depositary Shares (ADS), representing Common Shares, were acquired through the Employee Stock Purchase Plan (ESPP).
• The acquisition price for these shares was $57.87 per ADS, translated from NT$1,837.2789 per share at an exchange rate of NT$31.748 to US$1.
• Additionally, Hsu beneficially owns 7,036 Common Shares held in a Long-Term Incentive (LTI) Trust, acquired with funds from the LTI Bonus Plan.
• Other holdings include 178,924 Common Shares held directly and 12,000 Common Shares held indirectly by spouse.

Sentiment

Score: 5

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

Positives

• The reporting person, a VP at TSMC, is actively participating in the company's stock purchase and incentive plans, indicating confidence and alignment with the company's performance.
• Acquisition of shares through ESPP and LTI plans suggests a commitment to long-term value creation and employee retention.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported by TSMC's VP, are common in the semiconductor industry as companies utilize stock-based compensation and purchase plans to attract and retain talent in a highly competitive global market.

Stakeholder Impact

• Shareholders: The acquisition of shares by management through employee plans is a standard practice and generally has a neutral to slightly positive impact, indicating management's continued investment in the company.
• Employees: The filing highlights the existence and utilization of the Employee Stock Purchase Plan (ESPP) and Long-Term Incentive (LTI) Bonus Plan, which can be attractive benefits for employees.
• Management: The transactions reflect the compensation structure and investment choices of key personnel within TSMC.

Key Dates

Keywords

TSMC, TSM, Form 4, Insider Trading, Employee Stock Purchase Plan, Long-Term Incentive Plan, Share Acquisition, Beneficial Ownership, Kuo-Chin Hsu