Forrest Eugene Norrod - 09 Aug 2023 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Reporting owner
Role
EVP & GM DESG
Signature
/s/Forrest Eugene Norrod
Issuer context
Issuer symbol
AMD
Transaction snapshot
Transactions as of
09 Aug 2023
Net transaction value
-$311,194
SEC evidence
Form type
4
Filing time
11 Aug 2023, 16:25:16 UTC
Previous filing
30 May 2023
Next filing
18 Aug 2023
SEC filing
View on sec.gov

Key filing fact

Forrest Eugene Norrod filed Form 4 for ADVANCED MICRO DEVICES INC (AMD) on 11 Aug 2023.

Key facts

  • This page summarizes Forrest Eugene Norrod's Form 4 filing for ADVANCED MICRO DEVICES INC (AMD).
  • 8 reported transactions and 6 derivative rows are listed below.
  • Filing timestamp: 11 Aug 2023, 16:25.

Change

  • Previous filing in this sequence was filed on 30 May 2023.
  • Current net transaction value: -$311,194.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

AMD transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+9,727
Change %
+3.9%
Price
$0.000000
Shares after
261,543
Date
09 Aug 2023
Ownership
Direct
AMD transaction

Common Stock

Tax liability

Transaction value
$311,194
Shares
-2,817
Change %
-1.1%
Price
$110.47
Shares after
258,726
Date
09 Aug 2023
Ownership
Direct
Footnotes
F1

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

AMD transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-3,294
Change %
-100%
Price
$0.000000*
Shares after
0
Date
09 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,294
Exercise price
Footnotes
F2, F3
AMD transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,958
Change %
-50%
Price
$0.000000
Shares after
2,959
Date
09 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,958
Exercise price
Footnotes
F2, F4
AMD transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-3,475
Change %
-25%
Price
$0.000000
Shares after
10,428
Date
09 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,475
Exercise price
Footnotes
F2, F5
AMD transaction Derivative

PRSU Award

Award

Transaction value
$0
Shares
+34,355
Change %
Price
$0.000000
Shares after
34,355
Date
09 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
34,355
Exercise price
Footnotes
F6, F7
AMD transaction Derivative

RSU Award

Award

Transaction value
$0
Shares
+11,451
Change %
Price
$0.000000
Shares after
11,451
Date
09 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
11,451
Exercise price
Footnotes
F2, F8
AMD transaction Derivative

Stock Option Grant

Award

Transaction value
$0
Shares
+23,069
Change %
Price
$0.000000
Shares after
23,069
Date
09 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
23,069
Exercise price
$110.47
Footnotes
F9
* indicates a reported price that failed the local validity check.

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 1/3 on each of August 9, 2021, 2022 and 2023.
F4 The RSUs vest 1/3 on each of August 9, 2022, 2023 and 2024.
F5 The RSUs vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026.
F6 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).
F7 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 6, 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.
F8 The RSUs vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.
F9 The options vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.
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