Form 4: TSMC VP Yoo Chue-San Reports Share Transactions

TSMC VP Yoo Chue-San has reported transactions involving the purchase of common shares through the company's ESPP and LTI plans, as well as shares held indirectly.

Summary

• Yoo Chue-San, VP at Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), reported a transaction on June 5, 2026.
• This transaction involved the acquisition of 1,797,614 common shares at a price of $76.01 per share, purchased through the Employee Stock Purchase Plan (ESPP) administrator.
• The reported price of $76.01 is a translation from NT$2,392.5207, using an exchange rate of NT$31.475 to US$1.
• Following this transaction, Yoo Chue-San's beneficial ownership includes 6,539 shares held indirectly by the ESPP Trust.
• Additional indirect holdings include 7,036 shares held by the LTI Trust, 219,924 shares held by a spouse, and 851,908 shares held by Yuding Investment Co., Ltd.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions related to employee benefit plans rather than significant strategic shifts or performance indicators.

Positives

• VP Yoo Chue-San's participation in the ESPP and LTI plans indicates continued investment and confidence in the company.
• The acquisition of a significant number of shares (1,797,614) through the ESPP suggests a structured, pre-planned investment strategy.
• Indirect holdings through trusts and spouse demonstrate a diversified approach to beneficial ownership.

Negatives

• The filing does not contain information that would be considered negative in terms of company performance or outlook.

Risks

• The value of the reported shares is subject to market fluctuations and the performance of Taiwan Semiconductor Manufacturing Co. Ltd.
• Indirect beneficial ownership, while common, can sometimes obscure the ultimate control or decision-making regarding the securities.

Future Outlook

This filing is a report of past transactions and does not contain forward-looking statements or guidance regarding future company performance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly through employee stock purchase and long-term incentive plans, are common within the semiconductor industry as a means to retain talent and align employee interests with shareholder value. TSMC's robust ESPP and LTI programs are indicative of industry best practices.

Comparison to Industry Standards

• TSMC's use of an Employee Stock Purchase Plan (ESPP) and a Long-Term Incentive (LTI) Bonus Plan aligns with common practices among large technology and semiconductor companies globally.
• Many leading semiconductor firms, such as Intel (INTC) and Samsung Electronics, also offer similar equity-based compensation and purchase programs to their executives and employees to foster loyalty and performance.
• The structure of reporting indirect ownership through trusts and investment vehicles is standard across the industry for executives managing significant personal holdings.

Related Party Transactions

• The purchase of common shares by the ESPP administrator on behalf of Yoo Chue-San is a transaction facilitated by the issuer's plan.
• Shares held indirectly by spouse and Yuding Investment Co., Ltd. may represent related party holdings, though specific details are not provided in this filing.

Stakeholder Impact

• Shareholders: The transaction itself does not directly impact share price but provides insight into executive participation in company stock plans.
• Employees: The existence of ESPP and LTI plans benefits employees by offering opportunities for stock ownership and long-term incentives.
• Management: Demonstrates executive engagement with company equity through established benefit programs.

Next Steps

• Continued monitoring of insider transactions for any significant changes in beneficial ownership or trading patterns.

Key Dates

Keywords

TSMC, Form 4, Insider Trading, Stock Purchase Plan, ESPP, LTI Plan, Beneficial Ownership, Yoo Chue-San, TSM, Semiconductor