Jean X. Hu - Feb 15, 2023 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Role
EVP, CFO and Treasurer
Signature
/s/Linda Lam by Power of Attorney for Jean Hu
Stock symbol
AMD
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 04:14 PM
Previous filing
Jan 31, 2023
Next filing
Apr 3, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMD PRSU Award Award $0 +66K $0.00 66K Feb 15, 2023 Common Stock 66K Direct F1, F2
transaction AMD RSU Award Award $0 +92.4K $0.00 92.4K Feb 15, 2023 Common Stock 92.4K Direct F3, F4
transaction AMD RSU Award Award $0 +66K $0.00 66K Feb 15, 2023 Common Stock 66K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Between 0% and 250% of the target number of performance stock units ("PRSUs") may be earned depending on (a) the return on AMD's stock price relative to the return on the S&P 500 Index over the three-year performance period that begins February 15, 2023 and ends on February 15, 2023, (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2024 fiscal year non-GAAP earnings per share exceeds AMDs 2022 fiscal year target non-GAAP earnings per share. Earned PRSUs will vest on February 15, 2026, generally subject to the Reporting Person's continued service through such date.
F2 The actual number of PRSUs that may be earned, if at all, will be determined by the Compensation and Leadership Resources Committee ("Compensation Committee") of the Board of Directors of AMD based on AMD's actual performance with respect to the performance vesting conditions described in footnote 1, above. Earned and vested PRSUs will generally be settled on the later of February 15, 2026 or the date following the Compensation Committee's determination of performance.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock.
F4 The RSUs vest 1/3 on each of February 15, 2024, 2025 and 2026.
F5 The RSUs vest 100% on the first anniversary of the date of grant.