David Zinsner - 31 Jan 2022 Form 4 Insider Report for INTEL CORP (INTC)

Role
EVP, CFO
Signature
/s/ Alex Shukhman, attorney-in-fact
Issuer symbol
INTC
Transactions as of
31 Jan 2022
Net transactions value
$0
Form type
4
Filing time
02 Feb 2022, 20:10:33 UTC
Previous filing
26 Jan 2022
Next filing
03 May 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INTC Performance-Based Stock Units (PSUs) Award +78,031 78,031 31 Jan 2022 Common Stock 78,031 Direct F1, F2
transaction INTC Restricted Stock Units Award +78,031 78,031 31 Jan 2022 Common Stock 78,031 Direct F3, F4
transaction INTC Performance-Based Stock Units (PSUs) Award +94,583 94,583 31 Jan 2022 Common Stock 94,583 Direct F1, F2
transaction INTC Restricted Stock Units Award +226,999 226,999 31 Jan 2022 Common Stock 226,999 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance-based stock unit (PSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock. The number of shares of Intel common stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning with the first day of the fiscal year of the grant date and ending on the last day of the fiscal year of the second anniversary of the grant date.
F2 Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock on January 31, 2025, unless that date falls on a non-business date, in which case the next business date shall apply.
F3 Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel Corporation (the "Company") common stock.
F4 Unless earlier forfeited under the terms of the RSU, 1/12th of the awards vest and convert into common stock in twelve substantially equal quarterly tranches, beginning on April 30, 2022. If the quarterly vesting date falls on a non-business date, the next business date shall apply.
F5 Unless earlier forfeited under the terms of the award, the RSUs vest and convert into Common Stock in three equal annual installments beginning on the first anniversary of the grant date (or next business date, if applicable).