Chen Pei-Hung 4

What Happened Chen Pei‑Hung, a Vice President at Taiwan Semiconductor Manufacturing Co. (TSM), acquired 46 common shares on June 5, 2026. The reported per‑share price was $76.01, for a total cost of $3,496. The shares were acquired through the issuer’s Employee Stock Purchase Plan (ESPP) and via a trust funded by the company’s Long‑Term Incentive (LTI) Bonus Plan (see footnotes).

This is a purchase (a routine insider buy), not a sale. The transaction amount is small relative to typical insider trades, and the filing was submitted to the SEC on June 9, 2026.

Key Details

• Transaction date: 2026-06-05; Form 4 filed: 2026-06-09 (timely filing).
• Transaction type/code: P = Purchase (ESPP / trust purchase).
• Shares purchased: 46 at $76.01 per share; total reported value $3,496.
• Footnotes:
  • F1/F3: Shares purchased by the ESPP administrator on behalf of the filer and held under the ESPP.
  • F2: Price translated from NT$2,392.5207 using NT$31.475 = US$1.
  • F4: Some shares were purchased by a trust with cash from the issuer’s LTI Bonus Plan; filer has investment control over that trust.
• Shares owned after transaction: Not disclosed in the provided filing details.

Context

• ESPP and LTI plan purchases are common ways insiders accumulate shares (often payroll or bonus‑converted), and are typically routine rather than directional bets.
• The purchase size is small, so it should be weighed accordingly by investors — purchases get attention, but magnitude matters.