AMD (NASDAQ: AMD) CEO exercises 396K shares, gains fresh PRSU and RSU grants
Rhea-AI Filing Summary
For ADVANCED MICRO DEVICES INC (AMD), Chair, President & CEO Lisa T. Su reported equity-award activity on August 15, 2026. She exercised 396,405 Performance Stock Units, receiving the same number of common shares, and 155,986 shares were withheld at $514.39 per share to satisfy tax obligations tied to the PRSU settlement. She also received a new 53,348-share PRSU award with a potential payout range of 0–250% of target based on relative and absolute stock performance and non-GAAP EPS from 2026 to 2029, plus a 17,782-share RSU award vesting from 2027 to 2030. Su continues to report indirect holdings in AMD common stock through various family trusts, including 99,211 shares in a family trust and 169,527 shares in a 2025 Grantor Retained Annuity Trust.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 240,419 shares
Net Buy
13 txns
Insider
Su Lisa T
Role
Chair, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units F2, F3 | 396,405 | $0.00 | $0.00 |
| Grant/Award | PRSU Award F4, F5 | 53,348 | $0.00 | $0.00 |
| Grant/Award | RSU Award F6, F7 | 17,782 | $0.00 | $0.00 |
| Exercise | Common Stock | 396,405 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 155,986 | $514.39 | $80.24M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
PRSU Award — 53,348 shares (Direct);
RSU Award — 17,782 shares (Direct);
Common Stock — 3,117,156 shares (Direct);
Common Stock — 99,211 shares (Indirect, By Lisa Su and Daniel Lin Family Trust dated 11/3/2021);
Common Stock — 165 shares (Indirect, Through the shareholdings of a family member);
Common Stock — 165 shares (Indirect, Through shareholdings of family member);
Common Stock — 26,034 shares (Indirect, By Grantor Retained Annuity Trust 2021B);
Common Stock — 147,617 shares (Indirect, By Grantor Retained Annuity Trust 2021C);
Common Stock — 151,776 shares (Indirect, By Grantor Retained Annuity Trust LTS 2022 GRAT B);
Common Stock — 151,050 shares (Indirect, By Grantor Retained Annuity Trust 2025 GRAT A);
Common Stock — 169,527 shares (Indirect, By Grantor Retained Annuity Trust 2025 GRAT B)
Footnotes (7)
- F1. 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").
- 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 August 9, 2023.
- F4. 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).
- F5. 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 4, 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.
- F6. Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock.
- F7. The RSUs vest 1/4 on August 15, 2027 and then quarterly thereafter until August 15, 2030.
Key Figures
PRSUs exercised: 396,405 shares
Common shares acquired via PRSU settlement: 396,405 shares
Shares withheld for tax obligations: 155,986 shares
+5 more
8 metrics
PRSUs exercised
396,405 shares
Performance Stock Units converted into AMD common stock on August 15, 2026
Common shares acquired via PRSU settlement
396,405 shares
Shares of AMD common stock received upon PRSU settlement
Shares withheld for tax obligations
155,986 shares
Shares delivered or withheld at election of reporting person to satisfy tax withholding obligations
Tax withholding price per share
$514.39 per share
Per-share value used for shares withheld for tax obligations
New PRSU award size
53,348 PRSUs
Performance Stock Units granted on August 15, 2026, settled in AMD common stock
New RSU award size
17,782 RSUs
Restricted Stock Units granted on August 15, 2026, vesting through August 15, 2030
Family trust indirect holding
99,211 shares
AMD common stock held by Lisa Su and Daniel Lin Family Trust dated 11/3/2021
2025 GRAT B indirect holding
169,527 shares
AMD common stock held by Grantor Retained Annuity Trust 2025 GRAT B
Key Terms
Performance Stock Units, PRSU, restricted stock unit ("RSU"), Grantor Retained Annuity Trust, +1 more
5 terms
Performance Stock Units financial
"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"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
PRSU financial
"Between 0% and 250% of the target number of PRSUs may be earned depending on"
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Grantor Retained Annuity Trust financial
"By Grantor Retained Annuity Trust 2021B"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
What equity awards did AMD CEO Lisa Su receive in this Form 4 filing for AMD?
Lisa Su received a 53,348-share PRSU award and a 17,782-share RSU award on August 15, 2026. The PRSUs are performance-based with a 0–250% payout range, while the RSUs vest from 2027 through 2030, all settled in AMD common stock.
What are the performance conditions for Lisa Su’s new PRSU award at AMD?
The 53,348 PRSUs may pay out between 0% and 250% of target based on AMD stock’s relative return versus S&P 500 components, absolute stock return, and growth in non-GAAP EPS from fiscal 2026 to 2028, measured over a performance period from August 15, 2026 to August 15, 2029.
When do Lisa Su’s new RSUs reported in this AMD Form 4 vest?
The 17,782 RSUs vest one-quarter on August 15, 2027, with the remaining units vesting quarterly until August 15, 2030. Each RSU represents a contingent right to receive one share of AMD common stock, subject to continued employment or service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
