AMD Insider Awards 993 PRSUs and 2,979 RSUs Tied to Performance
Rhea-AI Filing Summary
Philip Matthew Carter, Chief Accounting Officer of Advanced Micro Devices, Inc. (AMD), reported grants on 08/15/2025. The filing shows an award of up to 993 performance-based restricted stock units (PRSUs) and 2,979 restricted stock units (RSUs), for a total of 3,972 units. PRSU payouts range from 0% to 250% of target depending on AMD's relative stock performance versus S&P 500 component companies, AMD's absolute stock return, and the percentage by which AMD's 2027 non-GAAP EPS exceeds 2025 non-GAAP EPS. RSUs vest 25% on 08/15/2026 and then quarterly through 08/15/2029. Awards are subject to continued service and committee determination of earned PRSUs.
Positive
- Performance alignment: PRSUs link potential payouts to relative stock performance and EPS improvement, aligning executive incentives with shareholder outcomes
- Retention structure: RSUs vest over four years, supporting executive retention through 08/15/2029
Negative
- None.
Insights
TL;DR: Executive granted a mix of time-based RSUs and performance-based PRSUs with a wide payout range tied to stock and EPS targets.
The awards follow common executive pay practice: time-based RSUs deliver retention via a four-year vesting schedule, while PRSUs tie potential upside to multi-year relative and absolute performance and specific EPS improvement. The 0%–250% payout range for PRSUs creates strong potential alignment with shareholder returns but also introduces variability in potential dilution. Vesting subject to continued service and committee determination is standard governance practice.
TL;DR: This Form 4 documents compensation-related equity grants, a routine disclosure with limited immediate market impact.
The filing reports non-cash equity awards totaling 3,972 underlying shares (993 PRSUs at target and 2,979 RSUs). There is no cash transaction or sale reported. The PRSU performance period spans 08/15/2025–08/15/2028 with settlement timing after committee determination; RSUs vest through 08/15/2029. For investors, this is a governance and compensation disclosure rather than an operational or liquidity event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PRSU Award | 993 | $0.00 | -- |
| Grant/Award | RSU Award | 2,979 | $0.00 | -- |
Footnotes (1)
- Between 0% and 250% of the target number of performance-based restricted stock units ("PRSU") 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 1, 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.
