Forrest Eugene Norrod - Feb 15, 2023 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Role
EVP & GM DESG
Signature
/s/Forrest Eugene Norrod
Stock symbol
AMD
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 04:19 PM
Previous filing
Aug 18, 2022
Next filing
May 30, 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 +33K $0.00 33K Feb 15, 2023 Common Stock 33K Direct F1, F2
transaction AMD RSU Award Award $0 +33K $0.00 33K Feb 15, 2023 Common Stock 33K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of performance stock units ("PRSU") that may be earned is based on five-year compound annual growth rate milestones related to AMD's closing stock price that may be attained within the performance period that begins on February 15, 2023 and ends on February 15, 2026, with potential payouts at 0%, 75%, 100%, 125%, 150%, 175% and 200% of the target number of PRSUs. PRSUs that become earned on or before the 3rd anniversary of the grant date will vest 100% on the 3rd anniversary of the grant date generally subject to continued employment or service.
F2 The actual number of PRSUs that may be earned, if at all, will be based on actual performance with respect to the performance vesting conditions described in footnote 1, above. Earned and vested PRSUs will generally be settled following the vesting date described in footnote 1.
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.