Su Lisa T 4
4 · ADVANCED MICRO DEVICES INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
AMD CEO Lisa Su Sells 85,000 Shares; Receives PRSU Grant
What Happened
- Lisa T. Su, AMD’s Chair, President & Chief Executive Officer (and Director), sold 85,000 shares in open-market transactions on March 12, 2026 for total proceeds of $16,895,157. The sales were executed in multiple trades at prices between about $196.73 and $203.15 per share (see footnotes for narrower ranges and weighted averages per lot).
- On March 15, 2026 she was granted 362,906 performance-based restricted stock units (PRSU) (reported as an acquisition/award (A) with $0 cash paid). The PRSUs are performance-based, with potential payouts of 0%, 50%, 100%, 150% or 200% of target depending on stock-price hurdles measured over any 90-consecutive-trading-day period during the performance period (Mar 15, 2026–Mar 15, 2031). Vesting is staged (50% at year 3 and 50% at year 5 following the grant) subject to continued service and performance.
Key Details
- Transaction dates: Sales on 2026-03-12; PRSU grant on 2026-03-15. Form 4 filed 2026-03-16 (filing appears late relative to the March 12 trades).
- Sales: 85,000 shares sold in multiple trades; per-lot weighted prices reported at $197.42, $198.20, $199.15, $199.98, $201.13, $202.46 and $203.15. Total proceeds = $16,895,157.
- Award: 362,906 PRSUs granted (derivative award; payout contingent on performance and vesting schedule described above).
- Notable footnotes: Sales were effected pursuant to a Rule 10b5-1 trading plan adopted Sept 9, 2025 (F1). Portions of the shares sold reflect annuity distributions from Grantor Retained Annuity Trusts (48,402 and 30,128 shares) (F10–F11, F3).
- Shares owned after the transactions: not specified in the information provided in this summary.
- Transaction codes: S = Sale (open market); A = Award/Grant (derivative PRSUs).
Context
- The sales were executed under a pre-established 10b5-1 plan (common for scheduled insider selling and not necessarily a commentary on outlook). The PRSU grant is performance-based long-term incentive; such awards are contingent on future stock-price performance and continued service, and do not represent an immediate cash purchase.
Insider Transaction Report
Form 4
Su Lisa T
DirectorChair, President & CEO
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-03-12$197.42/sh−16,228$3,203,732→ 3,214,778 total - Sale
Common Stock
[F1][F4]2026-03-12$198.20/sh−35,587$7,053,343→ 3,179,191 total - Sale
Common Stock
[F1][F5]2026-03-12$199.15/sh−18,279$3,640,263→ 3,160,912 total - Sale
Common Stock
[F1][F6]2026-03-12$199.98/sh−6,303$1,260,474→ 3,154,609 total - Sale
Common Stock
[F1][F7]2026-03-12$201.13/sh−4,100$824,633→ 3,150,509 total - Sale
Common Stock
[F1][F8]2026-03-12$202.46/sh−3,003$607,987→ 3,147,506 total - Sale
Common Stock
[F1][F9]2026-03-12$203.15/sh−1,500$304,725→ 3,146,006 total - Award
PRSU Award
[F12][F13]2026-03-15+362,906→ 362,906 total→ Common Stock (362,906 underlying)
Holdings
- 165(indirect: Through shareholdings of family member)
Common Stock
- 99,211(indirect: By Trust)
Common Stock
- 165(indirect: Through the shareholdings of a family member)
Common Stock
- 26,034(indirect: By Trust)
Common Stock
- 147,617(indirect: By Trust)
Common Stock
- 151,776(indirect: By Trust)
Common Stock
- 151,598(indirect: By Trust)
Common Stock
[F10] - 169,872(indirect: By Trust)
Common Stock
[F11]
Footnotes (13)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 9, 2025.
- [F10]On March 12, 2026, 48,402 shares were distributed to the Reporting Person as an annuity.
- [F11]On March 12, 2026, 30,128 shares were distributed to the Reporting Person as an annuity.
- [F12]The number of performance-based restricted stock units (PRSU) that may be earned is based on achievement of AMD common stock price hurdles during the performance period that begins on March 15, 2026 and ends on March 15, 2031 (or, if earlier, the date of a change of control of AMD or the Reporting Person's death or disability), with potential payouts at 0%, 50%, 100%, 150% and 200% of the target number of PRSUs. Achievement of each AMD common stock price hurdle is determined using the average closing price of AMD's common stock over any 90-consecutive-trading-day period during the performance period. PRSUs that become earned on or before the 3rd anniversary of the grant date will vest 50% on the 3rd anniversary of the grant date and 50% on the 5th anniversary of the grant date, in each case generally subject to the Reporting Person's continued employment or service as AMD's Chief Executive Officer and/or as Executive Chair of AMD's Board of Directors.
- [F13]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 12, above. Earned and vested PRSUs will generally be settled following the vesting date(s) described in footnote 12.
- [F2]Transaction executed in multiple trades at prices ranging from $196.73 to $197.72 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F3]Includes: (i) an annuity distribution on March 12, 2026 of 48,402 shares of the Issuer's Common Stock from the Reporting Person's Grantor Retained Annuity Trust 2025 GRAT A, dated March 12, 2025, to the Reporting Person; and (ii) an annuity distribution of 30,128 shares of the Issuer's Common Stock from the Reporting Person's Grantor Retained Annuity Trust 2025 GRAT B, dated March 12, 2025, to the Reporting Person, as described in footnotes 10 and 11 below.
- [F4]Transaction executed in multiple trades at prices ranging from $197.73 to $198.72 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F5]Transaction executed in multiple trades at prices ranging from $198.73 to $199.72 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F6]Transaction executed in multiple trades at prices ranging from $199.73 to $200.37 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F7]Transaction executed in multiple trades at prices ranging from $200.84 to $201.62 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F8]Transaction executed in multiple trades at prices ranging from $201.93 to $202.90 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F9]Transaction executed in multiple trades at prices ranging from $202.93 to $203.59 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Signature
/s/Linda Lam by Power of Attorney for Lisa T. Su|2026-03-16