TSM SVP & GC Fang Shu-Hua Buys 2,000 Shares

What Happened Fang Shu‑Hua, Senior Vice President and General Counsel of Taiwan Semiconductor Manufacturing Co. (TSM), made two open‑market/plan purchases (code P) on 2026‑07‑02 totaling 2,000 common shares at $77.09 per share — $77,090 each, about $154,180 combined. These were purchases (buying stock), which insiders sometimes view as a bullish signal but can also reflect routine plan participation.

Key Details

• Transaction date: 2026-07-02. Price: $77.09 per share (two separate 1,000‑share purchases).
• Total acquired: 2,000 shares for ~$154,180.
• Transaction code: P = Purchase.
• Shares owned after transaction: not reported in this Form 4 filing.
• Footnotes:
  • F1: Some shares were purchased and held under the issuer's Employee Stock Purchase Plan (ESPP).
  • F2: Some shares were bought by a trust using cash from the issuer's Long‑Term Incentive (LTI) Bonus Plan; the filer obtained investment control of those trust shares.
  • F3: The $77.09 price was converted from NT$2,460 per share at NT$31.910 = US$1.
  • F4: Both transactions were executed by the same immediate family member.
• Filing timeliness: The Form 4 was filed on 2026‑09‑04 for transactions dated 2026‑07‑02, which is later than the typical 2‑business‑day SEC reporting window for officers (the filing appears late).

Context Purchases through an ESPP or via an LTI‑funded trust are common ways insiders acquire shares and can reflect compensation plan mechanics as well as personal buying. The execution by an immediate family member indicates the trades were placed on the filer’s behalf. This filing is factual evidence of insider purchasing activity but does not by itself explain motivation or predict future stock performance.