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 | +29K | 29K | May 30, 2023 | Common Stock | 29K | Direct | F1, F2 | ||||
transaction | INTC | Restricted Stock Units | Award | +29K | 29K | May 30, 2023 | Common Stock | 29K | Direct | F3, F4 |
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, 2026, 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 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 August 30, 2023. If the quarterly vesting date falls on a non-business date, the next business date shall apply. |