AMD (NASDAQ: AMD) CEO Lisa Su sells 85K shares, awarded 362,906 PRSUs
Rhea-AI Filing Summary
ADVANCED MICRO DEVICES INC Chair, President & CEO Lisa Su reported mixed insider activity, selling 85,000 shares of AMD common stock in open‑market transactions and receiving a performance‑based restricted stock unit (PRSU) award covering 362,906 units tied to future stock‑price hurdles.
The 85,000 shares were sold on March 12, 2026 at prices reported between $197.42 and $203.15 per share in multiple trades under a pre‑arranged Rule 10b5‑1 trading plan. After these sales, she directly holds 3,150,509 AMD shares, plus additional indirect holdings through family trusts and family members.
The PRSU grant on March 15, 2026 can pay out from 0% to 200% of the 362,906 target units based on AMD stock‑price performance between March 15, 2026 and March 15, 2031, with any earned units vesting in stages on the third and fifth anniversaries, generally contingent on her continued leadership roles.
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Insights
AMD’s CEO reported a pre‑planned stock sale and a large performance‑based equity grant.
Lisa Su, AMD’s Chair, President & CEO, sold 85,000 shares of common stock on March 12, 2026 through several open‑market trades. The sales occurred at prices reported between around $197 and $203 per share and were executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on September 9, 2025, indicating a scheduled, rather than opportunistic, disposition.
Following these transactions, she directly holds 3,150,509 AMD shares, along with additional indirect holdings via family trusts and family members. In the same disclosure, she received a sizeable PRSU award covering 362,906 target units, with potential payouts at 0%, 50%, 100%, 150%, or 200% of target depending on AMD’s stock‑price performance over a period running from March 15, 2026 to March 15, 2031.
The PRSUs vest only if performance hurdles are achieved, and earned units vest in two tranches on the third and fifth anniversaries of the grant date, subject to her continued service as CEO and/or Executive Chair. Overall, this filing combines a planned, relatively small open‑market sale with a long‑dated, performance‑linked equity grant that further ties her compensation to AMD’s share‑price outcomes, while the actual impact depends on future stock performance against the disclosed hurdles.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PRSU Award | 362,906 | $0.00 | -- |
| Sale | Common Stock | 16,228 | $197.42 | $3.20M |
| Sale | Common Stock | 35,587 | $198.20 | $7.05M |
| Sale | Common Stock | 18,279 | $199.15 | $3.64M |
| Sale | Common Stock | 6,303 | $199.98 | $1.26M |
| Sale | Common Stock | 4,100 | $201.13 | $825K |
| Sale | Common Stock | 3,003 | $202.46 | $608K |
| Sale | Common Stock | 1,500 | $203.15 | $305K |
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Footnotes (1)
- 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. 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. 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. 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. 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. 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. 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. 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. 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. On March 12, 2026, 48,402 shares were distributed to the Reporting Person as an annuity. On March 12, 2026, 30,128 shares were distributed to the Reporting Person as an annuity. 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. 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.
