AMD (NASDAQ: AMD) CCO settles 81K shares, gets new stock grants
Rhea-AI Filing Summary
ADVANCED MICRO DEVICES INC (AMD) reported that EVP & Chief Commercial Officer Philip Guido settled and received equity awards and related common shares. On August 15, 2026, 79,280 performance stock units and 1,834 restricted stock units were converted into a total of 81,114 shares of common stock, followed by the withholding of 31,197 and 722 shares, respectively, to satisfy tax obligations at $514.39 per share. Guido also received new awards of 7,113 PRSUs, which may pay out between 0% and 250% of target based on multi-year performance through 2029, and 4,742 RSUs that vest between 2027 and 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 49,195 shares
Net Buy
7 txns
Insider
GUIDO PHILIP
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units F3, F4 | 79,280 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F5, F6 | 1,834 | $0.00 | $0.00 |
| Grant/Award | PRSU Award F7, F8 | 7,113 | $0.00 | $0.00 |
| Grant/Award | RSU Award F5, F9 | 4,742 | $0.00 | $0.00 |
| Exercise | Common Stock | 81,114 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 31,197 | $514.39 | $16.05M |
| Tax Withholding | Common Stock F2 | 722 | $514.39 | $371K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Restricted Stock Units — 5,500 shares (Direct);
PRSU Award — 7,113 shares (Direct);
RSU Award — 4,742 shares (Direct);
Common Stock — 135,018 shares (Direct)
Footnotes (9)
- 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. 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").
- F3. Each PRSU represents a contingent right to receive one share of AMD's common stock.
- F4. Reflects shares issued in settlement of PRSUs earned and vested under PRSU award granted on August 9, 2023.
- F5. Each RSU represents a contingent right to receive one share of AMD's common stock.
- F6. The RSUs vest 1/4 on August 15, 2026 and then quarterly thereafter until August 15, 2029.
- F7. 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).
- F8. 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 7, 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.
- F9. The RSUs vest 1/4 on August 15, 2027 and then quarterly thereafter until August 15, 2030.
Key Figures
PSUs converted: 79,280 units
RSUs converted: 1,834 units
Common shares acquired via conversion: 81,114 shares
+5 more
8 metrics
PSUs converted
79,280 units
Performance Stock Units converted into AMD common stock on August 15, 2026
RSUs converted
1,834 units
Restricted Stock Units converted into AMD common stock on August 15, 2026
Common shares acquired via conversion
81,114 shares
Total AMD common stock acquired from PSU and RSU conversions
Shares withheld for PRSU taxes
31,197 shares
Shares withheld to satisfy tax obligations on PRSU settlement at $514.39 per share
Shares withheld for RSU taxes
722 shares
Shares withheld to satisfy tax obligations on RSU release at $514.39 per share
Tax withholding price
$514.39 per share
Price used for share withholding transactions on August 15, 2026
New PRSU Award
7,113 units
Target number of PRSUs awarded, earnable between 0% and 250% based on performance
New RSU Award
4,742 units
Restricted Stock Units awarded vesting from August 15, 2027 to August 15, 2030
Key Terms
Performance Stock Units, Restricted Stock Units, PRSU Award, non-GAAP earnings per share, +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.
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.
PRSU Award financial
"Reflects shares issued in settlement of PRSUs earned and vested under PRSU award granted on August 9, 2023"
change of control financial
"the date immediately preceding the effective date of a change of control of AMD"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
What did AMD EVP Philip Guido report in this Form 4 for AMD stock?
Philip Guido reported settlement of prior PSUs and RSUs into 81,114 AMD common shares, tax-related share withholdings, and receipt of new PRSU and RSU awards on August 15, 2026.
What new PRSU award did Philip Guido receive from AMD (symbol AMD)?
Guido received a new PRSU Award for 7,113 units, with actual earned units between 0% and 250% of target based on stock performance and non-GAAP EPS through a performance period ending in 2029.
What new RSU award did Philip Guido receive from AMD (AMD)?
He received an RSU Award for 4,742 units. These RSUs vest one-quarter on August 15, 2027, with the remainder vesting quarterly until August 15, 2030, subject to continued service.
When do the performance stock units and PRSUs for AMD potentially vest and settle?
Previously granted PRSUs vested and settled on August 15, 2026. Newly granted PRSUs have a performance period beginning that date and generally settle on or after August 15, 2029, based on AMD’s performance.
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