01—Abstract
Summary
Summary of the 8-K filed July 1, 2026. Cited figures are marked; the original filing is the authoritative source.
Advanced Micro Devices, Inc. (AMD) has filed an 8-K report detailing significant changes to the compensation of its key executive officers, effective July 1, 2026.
This filing announces base salary increases for several top executives, including CEO Lisa Su, CFO Jean Hu, and CTO Mark Papermaster, reflecting their continued leadership roles and contributions to the company. These adjustments are standard practice to retain top talent and align compensation with market rates for senior leadership positions. More notably, the report outlines substantial long-term incentive awards to be granted on August 15, 2026.
These awards will be primarily in the form of Performance-Based Restricted Stock Units (PRSUs) and Time-Based Restricted Stock Units (RSUs) under the Company's 2023 Equity Incentive Plan. The PRSUs have a complex performance structure tied to AMD's Total Shareholder Return (TSR) relative to the S&P 500 and the company's non-GAAP Earnings Per Share (EPS) for fiscal year 2028. This structure aims to strongly incentivize executives to drive significant long-term value and stock price appreciation for shareholders.
02—Key points
Key Highlights
- Effective July 1, 2026, key executive base salaries have been increased, including a raise for CEO Lisa Su from $1,323,000 to $1,375,000.
- Long-term incentive equity awards, totaling significant target values, will be granted on August 15, 2026, under the 2023 Equity Incentive Plan.
- CEO Lisa Su is slated to receive a target award value of $36,000,000.
- Awards will consist of Performance-Based Restricted Stock Units (PRSUs) and Time-Based Restricted Stock Units (RSUs), with a higher proportion of PRSUs for the CEO (75%) compared to other listed executives (60%).
- PRSUs are contingent on AMD's Total Shareholder Return (TSR) relative to the S&P 500 over a three-year performance period (August 2026 - August 2029).
- An additional component of PRSU earnings is tied to AMD's non-GAAP Earnings Per Share (EPS) performance in fiscal year 2028.
- RSUs will vest over a period of approximately three years, starting August 15, 2027.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
This 8-K filing announces changes to the compensation of certain executive officers of Advanced Micro Devices, Inc. (AMD). Specifically, it details increases in base salaries and the upcoming grant of long-term incentive equity awards.
How are the long-term incentive awards structured?
The long-term incentive awards are structured as a mix of Performance-Based Restricted Stock Units (PRSUs) and Time-Based Restricted Stock Units (RSUs). The proportion of PRSUs is higher for the CEO (75%) compared to other named executives (60%).
What performance metrics will determine the payout of the PRSUs?
The PRSUs will be earned based on two key performance metrics: AMD's Total Shareholder Return (TSR) relative to the S&P 500 over a three-year period (August 2026 - August 2029), and AMD's non-GAAP Earnings Per Share (EPS) for fiscal year 2028. The payout ranges from 0% to 250% of the target number of PRSUs.
When will these executive compensation changes take effect?
The base salary increases are effective July 1, 2026. The long-term incentive equity awards are scheduled to be granted on August 15, 2026.
04—Continue