Form 4: Intel Corp Executive Scott Gawel Reports Stock Transactions

Scott Gawel, CVP and Chief Accounting Officer of Intel Corp, reports the acquisition and disposal of Intel common stock and restricted stock units.

Summary

• On February 28, 2025, Scott Gawel, CVP and Chief Accounting Officer of Intel Corp, engaged in transactions involving Intel's common stock and restricted stock units (RSUs).
• Gawel acquired 2,024 and 2,418 shares of common stock through the vesting of RSUs.
• Simultaneously, Gawel disposed of 1,004 and 1,199 shares of common stock to cover tax obligations at a price of $23.54 per share.
• Following these transactions, Gawel directly owns 9,046.36 shares of common stock and indirectly owns 45,806.022 shares through a family trust.
• Gawel also holds 12,090 and 16,197 RSUs, each representing the right to receive one share of Intel common stock upon vesting.
• Additionally, Gawel was granted 94,318 RSUs that vest in quarterly tranches starting May 28, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It reflects routine compensation practices.

Positives

• The vesting of RSUs indicates a form of compensation and alignment of Gawel's interests with the company's performance.

Future Outlook

The reporting person will continue to receive shares of Intel common stock as the restricted stock units vest over time.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for executives to receive stock options and RSUs as part of their compensation packages, and their transactions are closely monitored by investors.

Comparison to Industry Standards

• Stock-based compensation is a common practice among tech companies like Intel, with firms such as Apple, Microsoft, and Nvidia also utilizing RSUs and stock options to incentivize and retain key employees.
• The vesting schedules described are fairly standard, with quarterly or annual vesting periods being typical.
• The tax-related disposal of shares upon vesting is also a common occurrence among executives receiving stock-based compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the executive's compensation and tax obligations.

Key Dates