Forrest Eugene Norrod - Aug 9, 2024 Form 4 Insider Report for ADVANCED MICRO DEVICES INC (AMD)

Signature
/s/ Forrest Eugene Norrod
Stock symbol
AMD
Transactions as of
Aug 9, 2024
Transactions value $
-$491,428
Form type
4
Date filed
8/13/2024, 04:28 PM
Previous filing
Jul 29, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMD Common Stock Options Exercise $0 +9.3K +3.49% $0.00 275K Aug 9, 2024 Direct
transaction AMD Common Stock Tax liability -$491K -3.66K -1.33% $134.27 272K Aug 9, 2024 Direct F1

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 -2.96K -100% $0.00* 0 Aug 9, 2024 Common Stock 2.96K Direct F2, F3
transaction AMD Restricted Stock Units Options Exercise $0 -3.48K -33.33% $0.00 6.95K Aug 9, 2024 Common Stock 3.48K Direct F2, F4
transaction AMD Restricted Stock Units Options Exercise $0 -2.86K -24.99% $0.00 8.59K Aug 9, 2024 Common Stock 2.86K Direct F2, F5
transaction AMD PRSU Award Award $0 +27.2K $0.00 27.2K Aug 9, 2024 Common Stock 27.2K Direct F6, F7
transaction AMD RSU Award Award $0 +9.07K $0.00 9.07K Aug 9, 2024 Common Stock 9.07K Direct F2, F8
transaction AMD Stock Option Grant Award $0 +17.8K $0.00 17.8K Aug 9, 2024 Common Stock 17.8K $134.27 Direct F9
* 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 1/3 on each of August 9, 2022, 2023 and 2024.
F4 The RSUs vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026.
F5 The RSUs vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.
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, 2024 and ends on August 9, 2027, (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 2024 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, 2027 (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, 2027, or the date following the Committee's determination of performance.
F8 The RSUs vest 1/4 on each of August 9, 2025, 2026, 2027 and 2028.
F9 The options vest 1/4 on each of August 9, 2025, 2026, 2027 and 2028.