AMD (AMD) CFO Jean X. Hu settles performance stock units and withholds shares for taxes
Rhea-AI Filing Summary
Advanced Micro Devices executive Jean X. Hu reported equity compensation activity. On March 1, she exercised performance stock units into 131,942 shares of AMD common stock at a stated price of $0 per share, increasing her direct holdings before related tax actions.
To cover withholding taxes from the vesting and settlement of these performance-based restricted stock units, 51,920 shares of common stock were disposed of at $200.21 per share. After these transactions, Hu directly held 104,970 AMD common shares, and an additional 25,000 shares were held indirectly through the Hu 2025 GRAT-1 trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 80,022 shares
Net Buy
4 txns
Insider
Hu Jean X.
Role
EVP, CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 131,942 | $0.00 | $0.00 |
| Exercise | Common Stock | 131,942 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 51,920 | $200.21 | $10.39M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Common Stock — 104,970 shares (Direct);
Common Stock — 25,000 shares (Indirect, By Grantor Retained Annuity Trust Hu 2025 GRAT-1)
Footnotes (3)
- F1. Reflects shares withheld to satisfy the Reporting Person's withholding tax liability arising in connection with the vesting and settlement of performance-based restricted stock units ("PRSU").
- F2. Each PRSU represents a contingent right to receive one share of AMD's common stock.
- F3. Reflects shares issued in settlement of PRSUs earned and vested under PRSU award granted on February 15, 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did AMD EVP & CFO Jean X. Hu report on this Form 4 for AMD?
Jean X. Hu reported exercising performance stock units into 131,942 AMD common shares and disposing of 51,920 shares to satisfy tax withholding. These movements relate to the vesting and settlement of performance-based restricted stock units granted as equity compensation.
What are PRSUs in the context of Jean X. Hu’s AMD equity compensation?
PRSUs are performance-based restricted stock units, each representing a contingent right to receive one AMD common share. In this filing, PRSUs previously granted on February 15, 2023 were earned, vested, and settled into 131,942 AMD shares for Jean X. Hu.
Does the Form 4 show any open-market buying or selling of AMD stock by Jean X. Hu?
The filing shows equity award settlement and tax-withholding dispositions, not open-market purchases or discretionary sales. Shares were issued from vested performance stock units and some were delivered back to cover withholding tax obligations tied to that vesting event.