AMD CCO settles 81K shares, receives new awards
ADVANCED MICRO DEVICES INC (AMD) reported that EVP & Chief Commercial Officer Philip Guido settled and received equity awards and related common shares.
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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.
Insider Trade Summary
| 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 |
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
Key Terms
Performance Stock Units financial
Restricted Stock Units financial
PRSU Award financial
change of control financial
FAQ
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What did AMD EVP Philip Guido report in this Form 4 for AMD stock?
What new PRSU award did Philip Guido receive from AMD (symbol AMD)?
What new RSU award did Philip Guido receive from AMD (AMD)?
When do the performance stock units and PRSUs for AMD potentially vest and settle?
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