Summary
Advanced Micro Devices Inc. (AMD) has announced adjustments to executive compensation, effective July 1, 2025, and details regarding upcoming long-term incentive awards set to be granted on August 15, 2025. The primary focus of this filing is the increase in base salaries for key executives, including CEO Lisa Su, CFO Jean Hu, CTO Mark Papermaster, and others. These salary adjustments reflect the ongoing responsibilities and leadership within the company. Furthermore, the company detailed substantial long-term incentive awards, primarily in the form of performance-based restricted stock units (PRSUs) and stock options, with target award values ranging from $3.5 million for SVP Ava Hahn to $33 million for CEO Lisa Su. A significant portion of these awards is tied to performance metrics, including relative total shareholder return (TSR) against the S&P 500 and non-GAAP earnings per share (EPS) targets for fiscal year 2027. This structure aims to align executive compensation with long-term company performance and shareholder value creation.
Key Highlights
- 1Effective July 1, 2025, key executives received base salary increases.
- 2CEO Lisa Su's base salary increased from $1,260,000 to $1,323,000.
- 3CFO Jean Hu's base salary increased from $760,000 to $800,000.
- 4Long-term incentive awards will be granted on August 15, 2025, under the 2023 Equity Incentive Plan.
- 5CEO Lisa Su is set to receive a target long-term incentive award value of $33 million.
- 6Performance-based restricted stock units (PRSUs) are a significant component of the long-term awards, with payout potential ranging from 0% to 250% of target based on TSR and EPS performance.
- 7Awards for most executives (excluding CEO) consist of 60% PRSUs, 20% stock options, and 20% time-based RSUs.