AMD Chief Accounting Officer Emily Ellis Receives Award

What Happened
Emily Ellis, AMD’s Chief Accounting Officer, was granted two derivative equity awards on August 15, 2026: 493 units and 1,481 units (total 1,974). Both awards are reported as grants (transaction code A) at $0.00 per unit, meaning they are restricted stock units or performance-based RSUs (no cash paid). These are contingent rights to receive shares in the future rather than immediate stock.

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 18, 2026 (no late filing indicated in the excerpt).
• Awards: 493 units @ $0.00 (derivative) and 1,481 units @ $0.00 (derivative); total = 1,974 units.
• Reported value: $0 at grant (typical for RSU/PRSU grants; eventual value depends on AMD share price at settlement).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes (important):
  • F1–F2: A portion or multiple (0%–250%) of the target number of performance-based RSUs (PRSUs) may be earned based on relative stock return vs. S&P 500 components, absolute AMD stock return, and a 2028 vs 2026 non‑GAAP EPS metric; performance period runs Aug 15, 2026–Aug 15, 2029. Vesting of earned PRSUs generally requires continued employment through Aug 15, 2029 (or one year after a change in control). Committee will determine final payout and settlement timing.
  • F3: Each RSU represents a contingent right to one share of AMD common stock.
  • F4: Time‑based RSUs (if applicable) vest 25% on Aug 15, 2027 and then quarterly thereafter until Aug 15, 2030.

Context

• These are grants, not purchases or sales; they do not represent immediate cash transactions or market trades. Derivative/RSU grants are compensation and are commonly used to align executives with long‑term shareholder value.
• For PRSUs, the final number of shares delivered (if any) depends on future performance and continued employment; settlement is expected after performance determination (generally on or after Aug 15, 2029).