Denzel Nora 4
Research Summary
AI-generated summary
AMD Director Denzel Nora Exercises Derivative, Sells 2,613 Shares
What Happened
- Denzel Nora, a director of Advanced Micro Devices, Inc. (AMD), had a same-day exercise/conversion and disposition: 2,613 shares were acquired by exercise/conversion of a derivative on 2026-05-14 (reported price $0.00) and 2,613 shares were disposed the same day (reported price $0.00). Separately, on 2026-05-13 Nora was granted 872 restricted stock units (RSUs) (reported $0.00) that vest 100% on the first anniversary of the grant.
- The filing reports $0.00 prices for these entries (common for awards/conversions as reported by the company); the filing does not list a cash value or market-value proceeds in the provided data.
Key Details
- Transactions: 2026-05-13 — Grant (A): 872 RSUs @ $0.00 (vesting 100% on first anniversary). 2026-05-14 — Exercise/Conversion (M): 2,613 shares acquired @ $0.00; 2,613 shares disposed (M) @ $0.00.
- Footnotes: F1 — each RSU represents a contingent right to one share; F2 — the 872-RSU award vests 100% one year after grant.
- Shares owned after the transactions: not specified in the provided filing details.
- Filing: Report filed 2026-05-15 for transactions on 2026-05-13 and 2026-05-14 — filing appears timely based on the reported dates. No 10b5-1 plan or reason for the sale is disclosed in the provided data.
Context
- The M-code entries indicate an exercise or conversion of a derivative into shares and an immediate disposition of those shares on the same day. The filing does not state the reason for the sale (e.g., covering taxes or portfolio rebalancing).
- The 872-RSU award granted 5/13 will not convert into shares until it vests (one-year cliff), so that award is a future contingent right rather than an immediate change in share ownership.