Form 4: TSMC VP & CIO Acquires Shares

TSMC VP and CIO Lin Chris Horng-Dar reports acquisition of common shares through the Employee Stock Purchase Plan and holds shares through various trusts.

Summary

• Lin Chris Horng-Dar, VP and CIO of Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), reported a transaction on July 7, 2026.
• The transaction involved the acquisition of 46 common shares (2330.TW) at a price of $76.62 per share, purchased through the Employee Stock Purchase Plan (ESPP).
• Following this transaction, the reporting person beneficially owns 128,184 common shares directly.
• Additionally, the reporting person has indirect beneficial ownership of various amounts of common shares and American Depositary Shares (ADS) through trusts, including an ESPP Trust, an LTI Trust, and holdings by a spouse and a family trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction by an executive through an established employee plan rather than a significant strategic move or personal investment decision.

Positives

• The VP and CIO's participation in the ESPP indicates continued investment and belief in the company's stock.
• The acquisition of shares through a formal plan suggests a structured approach to employee compensation and ownership.

Future Outlook

No specific forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that insider transactions, such as this Form 4 filing by a VP and CIO, are common in the semiconductor industry as a way for executives to acquire company stock through employee plans or personal investment. These filings provide transparency into executive confidence and ownership.

Stakeholder Impact

• Shareholders: The filing provides transparency into executive stock ownership, which can be a factor in assessing insider confidence.
• Employees: The transaction highlights the existence and utilization of the Employee Stock Purchase Plan (ESPP) and Long-Term Incentive (LTI) Bonus Plan.

Key Dates

Keywords

TSMC, TSM, Form 4, Insider Trading, Stock Purchase, ESPP, VP, CIO, Beneficial Ownership, Taiwan Semiconductor