Advanced Micro Devices (AMD) EVP converts 8,605 RSUs, withholds shares for tax
Rhea-AI Filing Summary
ADVANCED MICRO DEVICES INC EVP & GM DESG Forrest Eugene Norrod reported the vesting and conversion of restricted stock units (RSUs) into common stock. On August 9, 2026, RSUs covering 8,605 shares of common stock were converted at no exercise price, reflecting previously granted equity awards. In connection with this RSU release, 3,387 shares of common stock were withheld to satisfy tax withholding obligations at a per-share value of $483.36. Footnotes state that each RSU represents one AMD common share and describe multi‑year vesting schedules for the RSU grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,218 shares
Net Buy
5 txns
Insider
Norrod Forrest Eugene
Role
EVP & GM DESG
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 3,476 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 2,863 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5 | 2,266 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,605 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 3,387 | $483.36 | $1.64M |
Holdings After Transaction:
Restricted Stock Units — 7,397 shares (Direct);
Common Stock — 329,745 shares (Direct)
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: 8,605 shares
Shares withheld for taxes: 3,387 shares
Per-share value for tax withholding: $483.36 per share
+3 more
6 metrics
RSUs converted to common stock
8,605 shares
RSU-to-common stock conversion on August 9, 2026
Shares withheld for taxes
3,387 shares
Shares withheld to satisfy tax withholding obligations
Per-share value for tax withholding
$483.36 per share
Value used for 3,387 withheld shares
RSU tranche 1 size
3,476 RSUs
RSUs vesting 1/4 annually on August 9, 2023–2026
RSU tranche 2 size
2,863 RSUs
RSUs vesting 1/4 annually on August 9, 2024–2027
RSU tranche 3 size
2,266 RSUs
RSUs vesting 1/4 annually on August 9, 2025–2028
Key Terms
Restricted Stock Units, tax withholding obligations, vest, contingent right
4 terms
Restricted Stock Units financial
"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"
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.
tax withholding obligations financial
"The shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations in connection with the release"
vest financial
"The RSUs vest 1/4 on each of August 9, 2023, 2024, 2025 and 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each RSU represents a contingent right to receive one share of AMD's common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did AMD (AMD) executive Forrest Norrod report in this Form 4?
Forrest Eugene Norrod reported RSU conversions into 8,605 shares of AMD common stock on August 9, 2026, with part of the shares withheld to cover associated tax obligations.
How many AMD (AMD) RSUs were converted to common stock in this filing?
RSUs representing 8,605 shares of AMD common stock were converted on August 9, 2026. Each RSU corresponds to one share of AMD common stock, as described in the footnotes.
What vesting schedules apply to the AMD (AMD) RSUs in this Form 4?
The RSUs vest in four equal annual installments on August 9 of successive years, with separate grants vesting over 2023–2026, 2024–2027, and 2025–2028 as detailed in the footnotes.
Does this AMD (AMD) Form 4 show an open-market stock sale by the executive?
No. The filing reports RSU conversions to common stock and share withholding for taxes. It does not report any open‑market purchases or sales of AMD stock.