New York, Feb 19, 2026, 11:06 (EST) — Regular session
Shares of Advanced Micro Devices (AMD.O) climbed 1.2% to $202.51 by late Thursday morning, after a regulatory filing revealed the board approved a one-time, performance-based equity award worth $75 million for CEO Lisa Su. The grant, set for March 15, pays out anywhere from nothing to twice the target sum, depending on how AMD’s stock performs through March 15, 2031. The highest payout? Tied to AMD hitting $600 per share, according to the filing. (Advanced Micro Devices, Inc.)
Investors got the latest update as AMD tries to close the gap with Nvidia in the data-center AI chip race. The company’s tepid sales forecast from earlier this month only fueled fresh skepticism over the pace of translating AI interest into actual profits. Bernstein’s Stacy Rasgon summed it up: near-term AI figures “are not really inflecting.” (Reuters)
The timing is notable: the award essentially pins down the board’s long-term target for the stock, just as investors have shown little patience for any weakness in the AI sector.
Performance-based restricted stock units, known as PRSUs, give executives shares only if they hit specific targets and remain at the company. For AMD, the awards come in three tranches tied to a five-year compound annual growth rate—essentially, the average yearly increase. The last chunk unlocks if the stock price hits an outright $600 hurdle.
In a separate Form 4, CFO Jean Hu offloaded roughly 20,000 shares on Feb. 17, executing a pre-scheduled sale through a Rule 10b5-1 plan. The document also disclosed her restricted stock units vested on Feb. 15, with a portion of shares retained for tax obligations. (Advanced Micro Devices, Inc.)
Chip names moved in different directions this session. Nvidia barely budged, Intel dropped 1.6%, and the VanEck Semiconductor ETF lost roughly 0.8%. The Invesco QQQ Trust edged down 0.1%.
The competitive noise keeps rising. Meta has broadened its partnership with Nvidia, tapping not just its AI chips but also CPUs and networking—an expansion that underscores how AI infrastructure is consolidating under a smaller group of players. That’s a direct challenge to AMD’s territory. (Business Insider)
Even so, the award’s targets spell out a laundry list of risks by the numbers. Should AMD’s stock flatline, or if clients tighten business with competitors, Su could walk away with nothing. Investors might then see the package not as a motivator, but just a scoreboard the company is under pressure to reach.
March 15 lands as a key date—the award gets granted, baseline price and final hurdle numbers are locked in. All the while, traders are also watching closely for fresh hints on data-center demand, especially with big-tech’s upcoming spending plans approaching.
