Jean X. Hu - Aug 9, 2023 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Role
EVP, CFO and Treasurer
Signature
/s/Jean Hu
Stock symbol
AMD
Transactions as of
Aug 9, 2023
Transactions value $
$0
Form type
4
Date filed
8/11/2023, 04:07 PM
Previous filing
Jun 20, 2023
Next filing
Aug 18, 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 +39.6K $0.00 39.6K Aug 9, 2023 Common Stock 39.6K Direct F1, F2
transaction AMD RSU Award Award $0 +13.2K $0.00 13.2K Aug 9, 2023 Common Stock 13.2K Direct F3, F4
transaction AMD Stock Option Grant Award $0 +26.6K $0.00 26.6K Aug 9, 2023 Common Stock 26.6K $110.47 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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).
F2 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 1, 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.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock.
F4 The RSUs vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.
F5 The options vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.