---
schema_version: "secwatch.filing_event.v1"
accession: "0000002488-23-000123"
form_type: "8-K"
ticker: "AMD"
cik: "0000002488"
company_name: "ADVANCED MICRO DEVICES INC"
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:45:33.730568+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AMD boosts exec salaries, grants $24M in equity to CEO Su; Grasby named EVP Strategic Partnerships

## Summary
- Annual base salaries for CTO Mark Papermaster and President Victor Peng increased to $800K and $930K, effective July 1, 2023.
- CEO Lisa Su receives $24M long-term equity award (75% PRSUs, 25% stock options) under 2023 Equity Incentive Plan.
- CFO Jean Hu and others receive equity mix of 60% PRSUs, 20% options, 20% RSUs; Darren Grasby gets 33/67 split.
- Darren Grasby transitions from Chief Sales Officer to EVP, Strategic Partnerships, effective July 10, 2023.
- PRSUs tied to relative TSR vs S&P 500 and non-GAAP EPS growth; vesting period through August 2026.

## SEC filing metadata
- accession: 0000002488-23-000123
- form_type: 8-K
- ticker: AMD
- cik: 0000002488
- company_name: ADVANCED MICRO DEVICES INC
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2488/000000248823000123/0000002488-23-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2488/000000248823000123/amd-20230705.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002488-23-000123
- JSON: https://secwatch.observer/filing/0000002488-23-000123.json
- Plain text: https://secwatch.observer/filing/0000002488-23-000123.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.