Advanced Micro Devices (AMD) CTO Papermaster logs RSU vesting and tax-share withholding
Rhea-AI Filing Summary
ADVANCED MICRO DEVICES INC reports that Chief Technology Officer & EVP Mark D. Papermaster had multiple restricted stock unit (RSU) tranches vest on August 9, 2026, converting an aggregate 12,633 RSUs into the same number of shares of common stock. In connection with this release, 4,973 shares of common stock were withheld to satisfy tax withholding obligations at a per-share value of $483.36. The RSUs relate to three separate grants with scheduled vesting in equal annual installments on August 9 of various years. The filing also reports indirect holdings of 206,606 shares of common stock in each of two GRATs named for Mark D Papermaster and Kathryn M Papermaster.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,660 shares
Net Buy
7 txns
Insider
Papermaster Mark D
Role
Chief Technology Officer & EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 5,431 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 3,964 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5 | 3,238 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,633 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 4,973 | $483.36 | $2.40M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,440 shares (Direct);
Common Stock — 1,241,347 shares (Direct);
Common Stock — 206,606 shares (Indirect, Mark D Papermaster AMD GRAT #1);
Common Stock — 206,606 shares (Indirect, Kathryn M Papermaster AMD GRAT #1)
Footnotes (5)
- 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. The RSUs vest 1/4 on each of August 9, 2024, 2025, 2026 and 2027.
- F5. The RSUs vest 1/4 on each of August 9, 2025, 2026, 2027 and 2028.
Key Figures
RSUs converted to common stock: 12,633 shares
Shares withheld for taxes: 4,973 shares
Tax withholding reference price: $483.36 per share
+5 more
8 metrics
RSUs converted to common stock
12,633 shares
Aggregate RSUs vesting and converting to AMD common stock on August 9, 2026
Shares withheld for taxes
4,973 shares
Common shares withheld to satisfy tax withholding obligations on RSU release
Tax withholding reference price
$483.36 per share
Per-share value used for AMD shares withheld for tax obligations
RSU tranche size 1
5,431 RSUs
RSUs vesting in four annual installments on August 9, 2023–2026
RSU tranche size 2
3,964 RSUs
RSUs vesting in four annual installments on August 9, 2024–2027
RSU tranche size 3
3,238 RSUs
RSUs vesting in four annual installments on August 9, 2025–2028
Indirect holdings (Mark D Papermaster AMD GRAT #1)
206,606 shares
Indirect AMD common stock position held via a GRAT named for Mark D Papermaster
Indirect holdings (Kathryn M Papermaster AMD GRAT #1)
206,606 shares
Indirect AMD common stock position held via a GRAT named for Kathryn M Papermaster
Key Terms
Restricted Stock Units, Grantor Retained Annuity Trust (GRAT), tax withholding obligations, Exercise or conversion of derivative security
4 terms
Restricted Stock Units financial
"The filing reports transactions involving Restricted Stock Units that convert into common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grantor Retained Annuity Trust (GRAT) financial
"Indirect holdings are listed under entities labeled AMD GRAT #1 for Mark and Kathryn Papermaster."
tax withholding obligations financial
"Shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations."
Exercise or conversion of derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security for RSU entries."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did AMD’s Mark D. Papermaster report on this Form 4?
Mark D. Papermaster reported the vesting of 12,633 RSUs into common stock on August 9, 2026, and a related withholding of 4,973 shares of AMD common stock to cover tax obligations tied to that RSU release.
How many AMD (AMD) restricted stock units vested for Mark Papermaster and into what did they convert?
A total of 12,633 restricted stock units vested for Mark Papermaster, each RSU representing a contingent right to receive one share of AMD common stock, resulting in the issuance of 12,633 common shares on the vesting date.
What are the vesting schedules of the AMD (AMD) RSU grants reported for Mark Papermaster?
Three RSU grants are described: one vests 1/4 on August 9, 2023–2026, another 1/4 on August 9, 2024–2027, and a third 1/4 on August 9, 2025–2028, each tranche representing rights to receive AMD common shares as they vest.
Were Mark Papermaster’s AMD (AMD) transactions reported as part of a Rule 10b5-1 plan?
The Form 4 does not indicate that these transactions were made pursuant to a Rule 10b5-1 trading plan, as the specific checkbox affirming such a plan is not marked as selected in the report.