AI English summary of an SEC filing — figures as filed
Advanced Micro Devices AMDThe company said it will raise Lisa T. Su's annual base salary from $1,200,000 to $1,260,000 and Jean Hu's from $725,000 to $760,000, effective July 1, 2024.
Key points
AI summaryThe company said it will raise Lisa T. Su's annual base salary from $1,200,000 to $1,260,000 and Jean Hu's from $725,000 to $760,000, effective July 1, 2024.
The company said it will raise the annual base salaries of Philip Guido from $725,000 to $750,000 and of Forrest Norrod from $710,000 to $750,000, effective July 1, 2024.
The company said it plans to grant equity awards to 4 executives under its 2023 Equity Incentive Plan on August 9, 2024, with target values of $28,680,000 for Lisa T. Su, $8,000,000 for Jean Hu, $6,000,000 for Philip Guido and $7,000,000 for Forrest Norrod.
The company said PRSUs may be earned at 0% to 250% of the target number, depending on the stock's return relative to the S&P 500 Index from August 9, 2024 to August 9, 2027, which yields 0% to 200%. It added that an additional 0%, 25% or 50% will be earned based on non-GAAP EPS for fiscal 2026 compared with fiscal 2024.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Executive base salary increases effective July 1, 2024
The company said it will raise Lisa T. Su's annual base salary from $1,200,000 to $1,260,000 and Jean Hu's from $725,000 to $760,000, effective July 1, 2024.
Source · Based on the filing body and exhibits
Philip Guido and Forrest Norrod base salary increases
The company said it will raise the annual base salaries of Philip Guido from $725,000 to $750,000 and of Forrest Norrod from $710,000 to $750,000, effective July 1, 2024.
Source · Based on the filing body and exhibits
Long-term incentive target values to be granted on August 9, 2024
The company said it plans to grant equity awards to 4 executives under its 2023 Equity Incentive Plan on August 9, 2024, with target values of $28,680,000 for Lisa T. Su, $8,000,000 for Jean Hu, $6,000,000 for Philip Guido and $7,000,000 for Forrest Norrod.
Source · Based on the filing body and exhibits
PRSU performance conditions and payout range
The company said PRSUs may be earned at 0% to 250% of the target number, depending on the stock's return relative to the S&P 500 Index from August 9, 2024 to August 9, 2027, which yields 0% to 200%. It added that an additional 0%, 25% or 50% will be earned based on non-GAAP EPS for fiscal 2026 compared with fiscal 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
You can verify the report’s figures and statements in the original filing on SEC EDGAR.