AMD CTO sells 7,369 shares after option exercise
ADVANCED MICRO DEVICES INC (AMD) reported Form 4 activity for Chief Technology Officer & EVP Mark D. Papermaster.
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Rhea-AI Filing Summary
ADVANCED MICRO DEVICES INC (AMD) reported Form 4 activity for Chief Technology Officer & EVP Mark D. Papermaster. On August 14, 2026 he exercised 7,369 stock options at $84.85 per share and sold the resulting 7,369 common shares at $487.34, all under a Rule 10b5-1 trading plan. On August 15, 2026, 118,920 performance stock units and 3,056 restricted stock units were settled into common stock, with 47,999 shares withheld at $514.39 per share to cover tax obligations. New awards were granted of 11,855 PRSUs and 7,903 RSUs. Indirect holdings include 206,606 common shares in each of two AMD GRAT #1 vehicles.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units F6, F7 | 118,920 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F8, F9 | 3,056 | $0.00 | $0.00 |
| Grant/Award | PRSU Award F10, F11 | 11,855 | $0.00 | $0.00 |
| Grant/Award | RSU Award F8, F12 | 7,903 | $0.00 | $0.00 |
| Exercise | Common Stock | 121,976 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 46,796 | $514.39 | $24.07M |
| Tax Withholding | Common Stock F4 | 1,203 | $514.39 | $619K |
| Exercise | Stock Option Grant F5 | 7,369 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 7,369 | $84.85 | $625K |
| Sale | Common Stock F2 | 7,369 | $487.34 | $3.59M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (12)
- F1. The stock option exercise reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2025.
- F2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2025.
- F3. The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release and settlement of performance-based restricted stock units ("PRSU").
- F4. 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").
- F5. The options vest 1/3 on each of August 9, 2021, 2022 and 2023.
- F6. Each PRSU represents a contingent right to receive one share of AMD's common stock.
- F7. Reflects shares issued in settlement of PRSUs earned and vested under PRSU award granted on August 9, 2023.
- F8. Each RSU represents a contingent right to receive one share of AMD's common stock.
- F9. The RSUs vest 1/4 on August 15, 2026, and then quarterly thereafter until August 15, 2029.
- F10. Between 0% and 250% of the target number of PRSUs may be earned depending on (a) the return on AMD's stock price relative to the return of each of the component companies comprising the S&P 500 Index, subject to adjustments, over the performance period that begins August 15, 2026 and ends on August 15, 2029 (or, if earlier, the date immediately preceding the effective date of a change of control of AMD), (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2028 fiscal year non-GAAP earnings per share exceeds AMDs 2026 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 15, 2029 (or the one-year anniversary of a change in control, if earlier).
- F11. 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 10, above. Earned and vested PRSUs will generally be settled on the later of August 15, 2029, or the date following the Committee's determination of performance.
- F12. The RSUs vest 1/4 on August 15, 2027 and then quarterly thereafter until August 15, 2030.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
Performance Stock Units financial
restricted stock units ("RSU") financial
GRAT financial
FAQ
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What stock option exercise did AMD insider Mark Papermaster report in this Form 4 for AMD?
What PSUs and RSUs were settled or released for AMD’s Mark Papermaster in this filing?
What new equity awards did AMD grant to Mark Papermaster in this Form 4?
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