Justin Hotard - Feb 29, 2024 Form 4 Insider Report for INTEL CORP (INTC)

Role
EVP & GM, Datacenter and AI
Signature
/s/ Julie Kwok, attorney-in-fact
Stock symbol
INTC
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 07:28 PM
Previous filing
Feb 7, 2024

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 Restricted Stock Units Award +116K 116K Feb 29, 2024 Common Stock 116K Direct F1, F2
transaction INTC Restricted Stock Units Award +74K 74K Feb 29, 2024 Common Stock 74K Direct F1, F2
transaction INTC Performance Stock Units Award +111K 111K Feb 29, 2024 Common Stock 111K Direct F3, F4
* 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 Unless earlier forfeited under the terms of the RSUs, the RSUs 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.
F3 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.
F4 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.