Form 4: TSMC VP Liaw Yung-Haw Reports Share Transactions

TSMC VP Liaw Yung-Haw has reported transactions involving the purchase of common shares through the company's Employee Stock Purchase Plan and Long-Term Incentive Bonus Plan.

Summary

• Yung-Haw Liaw, VP at Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), reported a purchase of 463,054 common shares on May 8, 2026.
• These shares were acquired through the company's Employee Stock Purchase Plan (ESPP) at a price of $71.82 per share, translated from NT$2,257.1777.
• Following this transaction, Liaw beneficially owns 6,145 shares directly through the ESPP Trust.
• Additionally, Liaw holds 7,036 shares indirectly through an LTI Trust and 430,000 shares indirectly through Hsing Yu Investment Co., Ltd.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine share acquisitions by an executive through established company plans, rather than a significant strategic event or a sale.

Positives

• VP Liaw Yung-Haw's acquisition of shares through the ESPP and LTI plans indicates continued investment and confidence in the company.
• The purchase of 463,054 shares demonstrates a significant personal investment in TSMC's equity.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider purchases, particularly through employee plans like ESPP and LTI, are common within the semiconductor industry as a way for executives to align their interests with shareholders and demonstrate long-term commitment.

Stakeholder Impact

• Shareholders: The purchase of shares by a VP through employee plans can be seen as a positive signal of management's commitment and belief in the company's future prospects.
• Employees: The existence of ESPP and LTI plans highlights the company's efforts to incentivize and retain its workforce.
• Management: VP Liaw Yung-Haw has increased their direct and indirect beneficial ownership in TSMC.

Key Dates

Keywords

TSMC, TSM, Form 4, insider trading, stock purchase, ESPP, LTI, beneficial ownership, semiconductor