Form 4: TSMC VP Acquires Shares via ESPP and LTI Plan
Statement of Changes in Beneficial Ownership
Tzu-Sou Chuang, VP at TSMC, acquired company shares through the Employee Stock Purchase Plan and Long-Term Incentive Bonus Plan.
Summary
- Tzu-Sou Chuang, a Vice President at Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), acquired 2,695,165 common shares.
- The acquisition occurred on April 9, 2026, with a reported purchase price of $57.87 per share.
- These shares were acquired through the company's Employee Stock Purchase Plan (ESPP) and Long-Term Incentive (LTI) Bonus Plan.
- Following the transaction, Chuang beneficially owns 5,620 shares directly and an additional amount indirectly through the ESPP Trust and LTI Trust.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to an insider acquiring shares, indicating internal confidence, but it's a routine transaction through employee plans rather than a significant open-market purchase.
Positives
- Insider purchase of company stock by a Vice President, indicating confidence in the company's future.
- Acquisition through employee benefit plans (ESPP and LTI) suggests ongoing participation in company growth and reward structures.
Future Outlook
No specific forward-looking statements or guidance were provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that insider purchases, particularly through employee stock plans at a company like TSMC, can signal management's belief in sustained operational performance and stock value appreciation within the highly competitive and capital-intensive semiconductor industry.
Stakeholder Impact
- Shareholders may view this insider purchase positively, interpreting it as a sign of management's confidence in the company's future performance and stock value.
- Employees participating in the ESPP and LTI plans are directly benefiting from the company's stock performance and incentive structures.
Key Dates
| Date | Description |
|---|---|
| 04/09/2026 | Transaction date for the acquisition of common shares. |
| 04/13/2026 | Date of signature for the filing. |
Keywords
TSMC, TSM, Form 4, insider trading, stock purchase, ESPP, LTI, beneficial ownership, semiconductor
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