Form 4: AMD CEO Lisa Su Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
AMD's CEO, Lisa Su, sold shares of the company's common stock on March 13, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Lisa T. Su, CEO of Advanced Micro Devices (AMD), sold shares of AMD common stock on March 13, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 20, 2023.
- A total of 124,000 shares were sold in multiple transactions at prices ranging from $192.79 to $198.52 per share.
- Following the reported transactions, Lisa Su directly owns 3,222,230 shares of AMD common stock.
- She also indirectly owns shares through various Grantor Retained Annuity Trusts.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often planned in advance to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect given it was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 2023-11-20 | Date the Rule 10b5-1 trading plan was adopted. |
| 2024-03-13 | Date of the stock sale transactions. |
| 2024-03-14 | Date of the Form 4 filing. |
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