AMD 8-K

Summary

Fiscal 2025 executive compensation awards. AMD approved annual cash performance bonuses for five executives and a one-time, $75M performance-based equity award for CEO Lisa Su, tied to long-term stock-price hurdles and continued service.

Key Figures

• Fiscal 2025 cash bonuses: Lisa Su $3.13M; Mark Papermaster $1.29M; Jean Hu $1.18M; Forrest Norrod $1.16M; Ava Hahn $0.738M. Payment is expected in 03/2026.
• Su’s special equity award has a $75M target value and is scheduled for 03/15/2026. It converts to performance-based restricted stock units using the 30-trading-day average closing share price ending on the grant date; 0%–200% of target units may be earned.
• The award’s four stock-price hurdles correspond to five-year compound annual growth rates of 10%, 15% and 17.5%, plus a $600 share-price hurdle. Achievement requires the 90-trading-day average closing price to reach a hurdle during the performance period, ending 03/15/2031; continued service as CEO or Executive Chair is generally required for vesting.

Investor Takeaways

• Watch hurdle achievement and Su’s continued service through the performance period; earned units vest on a deferred schedule, with the final vesting date no later than 03/15/2031.