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AMD CEO Lisa Su is set to receive $33 million in stock options and $1.3 million in base salary, the firm revealed in an SEC filing yesterday. Su will receive the options in August, and the shares will vest in 2028, depending on her performance as AMD CEO. AMD's shares closed June on a strong note after gaining 28% after analyst sentiment shifted in the firm's favor when it came to the GPU and AI markets.
AMD Announces Salary & Stock Option Details For Top Executives
AMD enjoys the unique role in the semiconductor industry of being able to effectively compete with both Intel and NVIDIA, even though the latter two firms target completely different markets. AMD's data center CPUs have eaten away at Intel's market share for years, and recently, analysts have started to hold the opinion that its GPUs could catch up to NVIDIA when it comes to AI computing.
Apart from NVIDIA, AMD is the only GPU designer in the world who sells gaming products to consumers and enterprise computing GPUs, or accelerators, to AI companies. As a result, the firm can benefit from demand stemming from NVIDIA's inability to meet customer pricing or supply requirements.
AMD's shares gained 28% in June after bullish analyst notes, and in an SEC filing, the firm has revealed the pay packages for its CEO and other top executives. The list of executives includes AMD CEO Lisa Su, CFO Jean Hu and CTO Mark Papermaster, among others.
The filing reveals that Su is entitled to a base salary package of $1.32 million starting from July 1, to predictably make her the highest-paid executive in AMD. After Su, CTO Papermaster is the highest-paid executive who will earn a base salary of $870,000, while AMD CFO Jean Hu will receive an $800,000 salary.
This trend also holds for the equity awards but with the notable difference of Su's awards being significantly higher. The AMD CEO is set to receive a cool $33 million in equity awards, while Papermaster and Wu will receive $10 million and $8.5 million, respectively.
The equity awards will be awarded to the executives on August 15 based on AMD's 30-day average closing share price. Specifically for Su, her award will be 75% performance-based restricted stock units (PRSUs) and 25% time-based stock options.
The PRSUs will vest depending on AMD's share price performance between August 15, 2025, and August 15, 2028, and the executives are also entitled to PRSUs based on AMD's earnings performance for its fiscal year 2027.
About the author: Ramish is a seasoned technology writer and editor with more than a decade of experience. He specializes in semiconductor fabrication and market analysis. With a background in finance and supply chain management - via his bachelors in Finance and a micromasters in supply chain management from MIT - Ramish combines financial rigor with deep industry insight to deliver accurate and authoritative coverage.
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