other material
confidence high
sentiment neutral
materiality 0.40
AMD increases CEO Su's base salary to $1.2M and awards $22.4M in LTI
ADVANCED MICRO DEVICES INC
- Base salaries for all named executive officers increased effective July 1, 2022: CEO Su from $1.097M to $1.2M; CFO Kumar from $675k to $710k.
- Long-term incentive awards with target values: CEO Su $22.4M; CTO Papermaster $7.5M; Sales Chief Grasby $6M; CFO Kumar $5M; EVP Bergman $4.2M.
- Equity awards mix: 50% performance-based RSUs (linked to relative TSR vs S&P 500 and non-GAAP EPS), 25% stock options, 25% time-based RSUs.
- PRSUs can range from 0%-250% of target; stock options vest ratably over 4 years; RSUs also vest 1/4 annually.