Form 4: AMD Executive Forrest Eugene Norrod Reports Stock Transactions
SEC Form 4 Filing
Forrest Eugene Norrod, EVP & GM DESG at Advanced Micro Devices (AMD), reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- On February 15, 2025, Forrest Eugene Norrod, an EVP & GM DESG at Advanced Micro Devices (AMD), reported transactions involving AMD common stock and Restricted Stock Units (RSUs).
- Norrod exercised 10,995 Restricted Stock Units (RSUs), which converted into an equal number of common stock shares.
- Following the vesting, 3,043 shares were withheld to satisfy tax obligations at a price of $113.1 per share.
- After these transactions, Norrod directly owns 301,299 shares of AMD common stock and 10,996 Restricted Stock Units.
- The RSUs vest in three equal installments on February 15, 2024, 2025, and 2026.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of insider transactions related to compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market confidence and preventing insider trading.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of previously granted stock-based compensation.
- Employees may be interested in the details of executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | First vesting date of 1/3 of the Restricted Stock Units |
| 02/15/2025 | Date of transaction: Exercise of RSUs and withholding of shares for tax obligations; Second vesting date of 1/3 of the Restricted Stock Units |
| 02/19/2025 | Date of signature on the Form 4 filing |
| 02/15/2026 | Final vesting date of 1/3 of the Restricted Stock Units |
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