VICTOR PENG - 09 Aug 2023 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Signature
/s/Linda Lam by Power of Attorney for Victor Peng
Issuer symbol
AMD
Transactions as of
09 Aug 2023
Net transactions value
-$271,756
Form type
4
Filing time
11 Aug 2023, 16:05:43 UTC
Previous filing
10 Aug 2023
Next filing
29 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMD Common Stock Options Exercise $0 +6,517 $0.000000 6,517 09 Aug 2023 Direct
transaction AMD Common Stock Tax liability $271,756 -2,460 -38% $110.47 4,057 09 Aug 2023 Direct F1
holding AMD Common Stock 337,209 09 Aug 2023 Trust

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 Restricted Stock Units Options Exercise $0 -6,517 -25% $0.000000 19,551 09 Aug 2023 Common Stock 6,517 Direct F2, F3
transaction AMD PRSU Award Award $0 +52,854 $0.000000 52,854 09 Aug 2023 Common Stock 52,854 Direct F4, F5
transaction AMD RSU Award Award $0 +17,618 $0.000000 17,618 09 Aug 2023 Common Stock 17,618 Direct F2, F6
transaction AMD Stock Option Grant Award $0 +35,491 $0.000000 35,491 09 Aug 2023 Common Stock 35,491 $110.47 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release of restricted stock units ("RSU").
F2 Each RSU represents a contingent right to receive one share of AMD's common stock.
F3 The RSUs vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026.
F4 Between 0% and 200% of the target number of performance stock units ("PRSU") 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 performance period that begins August 9, 2023 and ends on August 9, 2026, (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2025 fiscal year non-GAAP earnings per share exceeds AMDs 2023 fiscal year non-GAAP earnings per share. Vesting of any earned PRSUs is generally subject to the Reporting Person's continued employment and/or service with AMD through August 9, 2026 (or the one-year anniversary of a change in control, if earlier).
F5 The actual number of PRSUs that may be earned, if at all, will be determined by the Compensation and Leadership Resources Committee (the "Committee") based on AMD's actual performance with respect to the performance vesting conditions described in footnote 4, above. Earned and vested PRSUs will generally be settled on the later of August 15, 2026 or the date following the Committee's determination of performance.
F6 The RSUs vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.
F7 The options vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.