Form 4: Intel CEO Patrick Gelsinger Acquires 4,000 Shares of INTC
SEC Form 4 Filing
Intel CEO Patrick Gelsinger purchased 4,000 shares of Intel Corp (INTC) at a price of $31.4184 on April 29, 2024.
Summary
- On April 29, 2024, Patrick Gelsinger, the CEO of Intel Corp, acquired 4,000 shares of INTC at $31.4184 per share.
- Following this transaction, Gelsinger directly owns 103,873 shares of Intel common stock.
- Gelsinger also has indirect ownership through family trusts, with varying amounts of common stock held in each trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's purchase indicates confidence, but it's a relatively small transaction in the grand scheme of the company's market capitalization.
Positives
- The CEO's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Executive stock purchases are common and closely watched as indicators of management's sentiment about their company's prospects. This purchase aligns with standard practices of executives investing in their own companies.
Comparison to Industry Standards
- Executive stock ownership is a common practice across the technology industry.
- Comparing Gelsinger's holdings to those of CEOs at companies like AMD, NVIDIA, or Texas Instruments would provide a benchmark for assessing the significance of his investment in Intel.
Stakeholder Impact
- The CEO's stock purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of transaction: Patrick Gelsinger purchased 4,000 shares of Intel stock. |
| 05/01/2024 | Date of signature on the Form 4 filing. |
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