Form 4: Intel Corp Executive Scott Gawel Reports Stock Transactions
SEC Form 4
CVP and Chief Accounting Officer of Intel, Scott Gawel, reports transactions involving Intel common stock and restricted stock units.
Summary
- Scott Gawel, CVP and Chief Accounting Officer of Intel, filed a Form 4 detailing changes in beneficial ownership of Intel stock.
- On August 30, 2024, Gawel exercised restricted stock units (RSUs) to acquire 2,418 shares of common stock and disposed of 1,199 shares to cover tax obligations at a price of $21.56 per share.
- On August 31, 2024, Gawel exercised RSUs to acquire 2,024 shares of common stock and disposed of 1,004 shares to cover tax obligations at a price of $20.84 per share.
- Following these transactions, Gawel directly owns 2,377.875 shares of common stock and indirectly owns 39,524.4321 shares through a family trust.
- Gawel also directly owns 20,246 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment of interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in outstanding shares from RSU vesting, but the impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 08/30/2023 | Beginning of vesting for 1/12th of the restricted stock units, converting into common stock in twelve substantially equal quarterly tranches. |
| 05/31/2024 | Beginning of vesting for 1/12th of the restricted stock units, converting into common stock in twelve substantially equal quarterly tranches. |
| 08/30/2024 | Transaction date: Exercise of restricted stock units and disposal of shares for tax obligations. |
| 08/31/2024 | Transaction date: Exercise of restricted stock units and disposal of shares for tax obligations. |
| 09/04/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.