Norrod Forrest Eugene 4

4 · ADVANCED MICRO DEVICES INC · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

AMD EVP Norrod Exercises RSUs/PRSUs; 30,287 Shares Withheld

What Happened

Norrod Forrest Eugene (EVP & GM DESG) had restricted stock units (RSUs) and performance-based RSUs (PRSUs) convert into 76,966 shares on Feb 15, 2026 (10,996 + 65,970). Of those, 30,287 shares were withheld to satisfy tax withholding obligations at an indicated price of $207.32 per share, generating proceeds of $6,279,101. After withholding, Norrod received a net ~46,679 shares. The conversions are reported as derivative exercises (code M) and the withholding as a tax payment (code F).

Key Details

Transaction date (period of report): 2026-02-15; Form 4 filed: 2026-02-18.
Converted shares: 76,966 total (10,996 and 65,970) recorded at $0.00 per share (RSU/PRSU conversion).
Shares withheld for taxes: 30,287 @ $207.32 = $6,279,101 (reported as disposition to cover tax obligations).
Net shares delivered to insider: ~46,679 (76,966 issued minus 30,287 withheld).
Shares owned after transaction: not disclosed in this filing.
Relevant footnotes: withholding election used to satisfy tax obligations on vested RSUs/PRSUs; RSUs vest 1/3 on Feb 15 of 2024, 2025 and 2026; PRSUs reflect settlement of awards granted Feb 15, 2023.

Context

This was not an open‑market sale or purchase: it was the vesting/conversion of company equity awards and a cashless-type withholding to cover taxes (routine for vested awards).
Transaction codes: M = conversion/exercise of a derivative (RSU/PRSU vesting), F = shares withheld for tax payment.
Such withholding transactions are common when equity awards vest and do not necessarily indicate a deliberate buy/sell decision by the insider.

Form 4

Period: 2026-02-15

EVP & GM DESG

Transactions

Exercise/Conversion
Common Stock
2026-02-15+10,996→ 300,094 total
Exercise/Conversion
Common Stock
2026-02-15+65,970→ 366,064 total
Tax Payment
Common Stock
[F1]
2026-02-15$207.32/sh−30,287$6,279,101→ 335,777 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-02-15−10,996→ 0 total
→ Common Stock (10,996 underlying)
Exercise/Conversion
Performance Stock Units
[F4][F5]
2026-02-15−65,970→ 0 total
→ Common Stock (65,970 underlying)

Footnotes (5)

[F1]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") and performance-based restricted stock units ("PRSU").
[F2]Each RSU represents a contingent right to receive one share of AMD's common stock.
[F3]The RSUs vest 1/3 on each of February 15, 2024, 2025 and 2026.
[F4]Each PRSU represents a contingent right to receive one share of AMD's common stock.
[F5]Reflects shares issued in settlement of PRSUs earned and vested under PRSU award granted on February 15, 2023.

Signature

/s/Forrest Eugene Norrod|2026-02-17

1 file