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ADVANCED MICRO DEVICES INC — Director's Dealing 2023
Feb 17, 2023
29764_dirs_2023-02-17_ac2b93ef-859d-4527-b1b9-38863088d909.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADVANCED MICRO DEVICES INC (AMD)
CIK: 0000002488
Period of Report: 2023-02-15
Reporting Person: Norrod Forrest Eugene (EVP & GM DESG)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-15 | PRSU Award | $ | A | 32985 | Acquired | Common Stock (32985.0) | Direct | |
| 2023-02-15 | RSU Award | $ | A | 32985 | Acquired | Common Stock (32985.0) | Direct |
Footnotes
F1: The number of performance stock units ("PRSU") that may be earned is based on five-year compound annual growth rate milestones related to AMD's closing stock price that may be attained within the performance period that begins on February 15, 2023 and ends on February 15, 2026, with potential payouts at 0%, 75%, 100%, 125%, 150%, 175% and 200% of the target number of PRSUs. PRSUs that become earned on or before the 3rd anniversary of the grant date will vest 100% on the 3rd anniversary of the grant date generally subject to continued employment or service.
F2: The actual number of PRSUs that may be earned, if at all, will be based on actual performance with respect to the performance vesting conditions described in footnote 1, above. Earned and vested PRSUs will generally be settled following the vesting date described in footnote 1.
F3: Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMD's common stock.
F4: The RSUs vest 1/3 on each of February 15, 2024, 2025 and 2026.