secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2026-07-01T20:27:26+00:00
Accession:  0000002488-26-000115
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AMD boosts CEO Su's base salary to $1.375M, grants $36M in equity; other execs also get increases
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- Base salary increases effective July 1, 2026: Su to $1.375M (from $1.323M), Hu to $850K, Papermaster to $900K, Grasby to $843,866, Norrod to $800K.
- Long-term incentive awards granted Aug 15, 2026: Su target value $36M, Hu $9M, Papermaster $10M, Grasby $7.5M, Norrod $8M.
- Su's award is 75% performance-based RSUs (PRSUs) and 25% time-based RSUs; other executives receive 60% PRSUs and 40% RSUs.
- PRSUs earned based on TSR vs S&P 500 over 3-year period (0-200% of target) and non-GAAP EPS modifier (0-50% additional).
- RSUs vest 1/4 on Aug 15, 2027, then quarterly through Aug 15, 2030; PRSUs vest on Aug 15, 2029 subject to continued employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248826000115/0000002488-26-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248826000115/amd-20260626.htm
  HTML page:      https://secwatch.observer/filing/0000002488-26-000115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer