AMD Insider Filing: 26,927 PRSUs Settled, 19,881 Options Granted, 10,596 Shares Sold
Rhea-AI Filing Summary
Forrest E. Norrod, AMD executive, reported multiple equity transactions dated 08/15/2025. The filing shows 26,927 shares of Common Stock reported as acquired under code M at $0, increasing beneficial ownership to 333,444 shares, followed by a disposition of 10,596 shares under code F at $177.51, reducing ownership to 322,848 shares. Derivative activity includes settlement of 26,927 Performance Stock Units (PRSUs), a grant of 19,881 stock options with an exercise price of $177.51 and expiration 08/15/2032, an award of 29,339 PRSUs (performance-based, 0%–250% payout range) and 9,779 restricted stock units (RSUs). Footnotes describe vesting schedules and performance conditions tied to stock return and 2027 non-GAAP EPS relative to 2025.
Positive
- Settlement of earned PRSUs indicates prior performance awards reached vesting conditions and were delivered as shares
- New performance-based PRSU awards and RSUs align executive pay with long-term stock performance and company EPS metrics
- Stock option grant provides long-term upside alignment with shareholders (19,881 options exercisable through 08/15/2032)
Negative
- Disposition of 10,596 shares at $177.51 reduced direct holdings from 333,444 to 322,848 shares
- Performance PRSU payout uncertainty as awards pay between 0% and 250% of target depending on performance and Committee determination
Insights
TL;DR: Equity awards and settlements align compensation with multi-year performance targets and typical vesting schedules.
The filing documents routine executive compensation actions: settlement of prior PRSUs, new performance-based PRSU awards with a 0%–250% payout range tied to relative stock performance and absolute stock return plus a three-year EPS metric, time-based RSUs, and a multi-year option grant vesting through 2029 and exercisable through 2032. These elements are consistent with incentive structures that tie pay to long-term shareholder outcomes. The filing also discloses a minor open-market or plan disposition of 10,596 shares at $177.51, reducing direct ownership.
TL;DR: Insider reported both acquisition and sale on same date with new derivative grants; activity appears administrative and compensation-driven.
The report shows contemporaneous settlement of performance units and grant of new equity vehicles including stock options and RSUs, plus a reported sale of 10,596 shares at $177.51. The net effect left the reporting person with 322,848 common shares after transactions. Option grant terms (exercise price $177.51; expiration 08/15/2032) and vesting schedules are disclosed. There is no additional information here about proceeds use, plan mechanics beyond vesting, or any Rule 10b5-1 plan designation in the text provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 26,927 | $0.00 | -- |
| Grant/Award | Stock Option Grant | 19,881 | $0.00 | -- |
| Grant/Award | PRSU Award | 29,339 | $0.00 | -- |
| Grant/Award | RSU Award | 9,779 | $0.00 | -- |
| Exercise | Common Stock | 26,927 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,596 | $177.51 | $1.88M |
Footnotes (1)
- Each performance-based restricted stock unit ("PRSU") represents a contingent right to receive one share of AMD's common stock. Reflects shares issued in settlement of PRSUs earned and vested under PRSU award granted on August 9, 2022. The options vest 1/4 on August 15, 2026 and then quarterly thereafter until August 15, 2029. 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, 2025 and ends on August 15, 2028, (b) the absolute return on AMD's stock price over the performance period, and (c) the percentage (if any) by which AMD's 2027 fiscal year non-GAAP earnings per share exceeds AMDs 2025 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, 2028 (or the one-year anniversary of a change in control, if earlier). 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, 2028, or the date following the Committee's determination of performance. Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock. The RSUs vest 1/4 on August 15, 2026 and then quarterly thereafter until August 15, 2029.
