Form 4: Intel Corp Executive Scott Gawel Reports Stock Transactions

Scott Gawel, CVP and Chief Accounting Officer of Intel Corp, reported the vesting and conversion of restricted stock units into common stock, as well as the disposition of shares to cover tax obligations.

Summary

• On May 30, 2024, Scott Gawel converted 2,418 restricted stock units (RSUs) into common stock and disposed of 1,199 shares to satisfy tax obligations at a price of $30.28 per share.
• On May 31, 2024, Gawel converted 2,025 RSUs into common stock and disposed of 1,004 shares to satisfy tax obligations at a price of $30.45 per share.
• Following these transactions, Gawel directly owns 2,378.301 shares of common stock and indirectly owns 33,305.2803 shares through a family trust.
• The RSUs vest in twelve substantially equal quarterly tranches.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company 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 potential insider sentiment and activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased number of shares in the market, but the effect is likely negligible given the relatively small volume.

Key Dates