PATRICK P. GELSINGER - 30 May 2023 Form 4 Insider Report for INTEL CORP (INTC)

Signature
/s/ Alex Shukhman, attorney-in-fact
Issuer symbol
INTC
Transactions as of
30 May 2023
Net transactions value
$0
Form type
4
Filing time
01 Jun 2023, 19:47:55 UTC
Previous filing
17 May 2023
Next filing
26 Jun 2023

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 +578,652 578,652 30 May 2023 Common Stock 578,652 Direct F1, F2
transaction INTC Restricted Stock Units Award +144,663 144,663 30 May 2023 Common Stock 144,663 Direct F3, F4
* 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, 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, the RSU will vest in three equal annual installments of Intel common stock beginning on the first anniversary of the grant date, unless that date falls on a non-business date, in which case the next business date shall apply.