Scott Gawel - Feb 29, 2024 Form 4 Insider Report for INTEL CORP (INTC)

Role: CVP, Chief Accounting Officer
Signature: /s/ Julie Kwok, attorney-in-fact
Stock symbol: INTC
Transactions as of: Feb 29, 2024
Transactions value $: -$51,257
Form type: 4
Date filed: 3/4/2024, 07:24 PM
Previous filing: Feb 1, 2024
Next filing: May 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INTC	Common Stock	Options Exercise		+2.42K	+1956.31%		2.54K	Feb 29, 2024	Direct	F1
transaction	INTC	Common Stock	Tax liability	-$51.3K	-1.2K	-47.18%	$42.75	1.34K	Feb 29, 2024	Direct
holding	INTC	Common Stock						28.2K	Feb 29, 2024	by Family Trust

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 Stock Units	Award		+24.3K			24.3K	Feb 29, 2024	Common Stock	24.3K		Direct	F2, F3
transaction	INTC	Restricted Stock Units	Award		+24.3K			24.3K	Feb 29, 2024	Common Stock	24.3K		Direct	F1, F4
transaction	INTC	Restricted Stock Units	Options Exercise		-2.42K	-10%		21.8K	Feb 29, 2024	Common Stock	2.42K		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock.
F2	Each performance 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 Talent and 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.
F3	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, 2027, unless that date falls on a non-business date, in which case the next business date shall apply.
F4	Unless earlier forfeited under the terms of the RSUs, 1/12th of the award vests and converts into common stock in twelve substantially equal quarterly tranches, beginning on May 31, 2024. 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 RSUs, 1/12th of the award vests and converts 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.