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 +2,418 +1956.31% 2,542 Feb 29, 2024 Direct F1
transaction INTC Common Stock -Tax liability -$51,257 -1,199 -47.18% $42.75 1,343 Feb 29, 2024 Direct
holding INTC Common Stock 28,178 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 +Grant/Award +24,295 24,295 Feb 29, 2024 Common Stock 24,295 Direct F2, F3
transaction INTC Restricted Stock Units +Grant/Award +24,295 24,295 Feb 29, 2024 Common Stock 24,295 Direct F1, F4
transaction INTC Restricted Stock Units -Options Exercise -2,418 -10% 21,763 Feb 29, 2024 Common Stock 2,418 Direct F1, F5

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.