Hu Jean X. 4
Research Summary
AI-generated summary
AMD (AMD) CFO Jean Hu Exercises RSUs; Sells ~19,956 Shares
What Happened
- Jean X. Hu, EVP, Chief Financial Officer and Treasurer of Advanced Micro Devices, had 30,788 restricted stock units (RSUs) vest on Feb 15, 2026 (converted to shares at $0). To cover tax withholding 11,416 shares were surrendered (value reported $2,366,765). On Feb 17, 2026 Hu sold about 19,956 shares in multiple open-market trades for aggregate proceeds of $4,023,580. Total proceeds (including the tax-withheld shares) were about $6.39 million.
- These actions are predominantly sales (routine liquidity/tax-related) rather than new purchases.
Key Details
- Transaction dates: RSU conversion/withholding on 2026-02-15; open-market sales on 2026-02-17. Form filed 2026-02-18 (appears timely).
- Shares acquired via vesting: 30,788 RSUs → 30,788 shares (acquired at $0.00).
- Shares disposed: 11,416 shares withheld for taxes (F) valued at $2,366,765; ~19,956 shares sold in the open market for $4,023,580.
- Sale prices (selected): open-market trades ranged roughly from $196.78 to $205.12 per share (see filing footnotes for per-trade price ranges and weighted averages).
- Notable footnotes: sales were executed under a Rule 10b5-1 trading plan adopted Aug 22, 2025 (F2); RSUs represent one share each (F12) and vested on a 1/3 schedule (Feb 15, 2024/2025/2026) (F13); shares were withheld at the reporting person’s election to satisfy tax withholding (F1).
- Shares owned after the reported transactions: not disclosed in the supplied filing data.
Context
- These were RSU vesting and routine disposals rather than open-market purchases — vesting is a non‑market event and tax-withholding via share surrender is common. The remaining open-market sales were executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and is meant to avoid trading on insider information.
- Transaction codes: M = option/RSU exercise or conversion; F = shares surrendered to satisfy tax withholding; S = open-market sale.