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

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

Summary

• Yung-Haw Liaw, VP of Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), reported the acquisition of 6,092 common shares on April 9, 2026, through the company's Employee Stock Purchase Plan (ESPP).
• These shares were purchased at an average price of $57.87, translated from NT$1,837.2789 at an exchange rate of NT$31.748 to US$1.
• Additionally, the filing indicates beneficial ownership of 430,000 common shares held indirectly by Hsing Yu Investment Co., Ltd., and 7,036 common shares held indirectly by an LTI Trust.
• The transactions were made under a pre-determined plan intended to satisfy Rule 10b5-1(c) affirmative defense conditions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine share acquisitions by an executive through established employee plans, rather than significant strategic shifts or performance indicators.

Positives

• Acquisition of shares by a key executive through employee plans suggests confidence in the company's future.
• The transactions were executed under a Rule 10b5-1(c) plan, indicating pre-planned and potentially less market-sensitive trading activity.

Risks

• The filing does not explicitly mention any risks associated with these transactions.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. However, the nature of the transactions (ESPP and LTI) implies a long-term perspective on the company's performance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly through employee stock plans, are common in the semiconductor industry as a way to retain and incentivize key personnel. TSMC's robust employee programs are typical for a company of its scale and importance in the global technology supply chain.

Stakeholder Impact

• Shareholders: The transactions are part of standard employee compensation and do not inherently signal a change in company strategy or immediate stock performance.
• Employees: The ESPP and LTI plans demonstrate the company's commitment to employee participation and long-term alignment with company success.
• Management: The transactions reflect the executive's continued investment and participation in the company's equity.

Key Dates

Keywords

TSMC, TSM, Form 4, Insider Trading, Employee Stock Purchase Plan, LTI Bonus Plan, Share Acquisition, Beneficial Ownership, Yung-Haw Liaw