AMD EVP Norrod sells 19,487 shares for $8.4M via scheduled 10b5-1 plan; 5.7% position reduction.
Forrest Eugene Norrod, EVP & GM of DESG, executed 9 separate sales totaling 19,487 shares for $8,406,783.96 on 2026-05-20, reducing his AMD holdings from 344,014 to 324,527 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-06-06, making it scheduled rather than discretionary. The stock has appreciated 54.1% in the 30 days prior to the sale and 133.6% in the prior 90 days, trading near its 52-week high of $469.22. Norrod's cross-ticker track record shows an average 90-day return of +39.0% following his prior sells, while his specific history at AMD shows 5 previous sales with 90-day returns ranging from -12.0% to +108.4%, indicating varied outcomes at this ticker. The 5.7% reduction in holdings remains material but occurs against a backdrop of significant recent appreciation.