Form 4: Intel Corp EVP, CFO David Zinsner Reports Changes in Beneficial Ownership

David Zinsner, EVP and CFO of Intel Corp, reports changes in beneficial ownership of Intel common stock, including the vesting of restricted stock units and a disposition of shares to cover tax obligations.

Summary

• On April 30, 2024, David Zinsner, the EVP and CFO of Intel Corp, reported changes in his beneficial ownership of Intel common stock.
• These changes involve the vesting of 6,502 restricted stock units (RSUs) which converted into common stock.
• Zinsner also disposed of 3,224 shares of common stock at a price of $30.8 to satisfy tax obligations related to the vesting of the RSUs.
• Following these transactions, Zinsner directly owns 130,625 shares of Intel common stock.
• This includes 686 shares acquired under the Company's Employee Stock Purchase Plan on February 16, 2024.
• Zinsner also directly owns 19,508 derivative securities in the form of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• It assures stakeholders that executives' interests are aligned with those of the shareholders through equity ownership.

Key Dates