Form 4: Intel Director Acquires Phantom Stock Units

Director Frank D. Yeary acquired phantom stock units representing the right to receive the cash value of Intel common stock.

Summary

• On September 27, 2024, Intel Director Frank D. Yeary acquired 3,136.763 phantom stock units.
• These units represent the right to receive the cash value of one share of Intel common stock.
• The phantom stock units are payable in cash following the termination of Yeary's service on the board of directors.
• The price of the phantom stock units was $23.91.
• Yeary's holdings include 185.029 units acquired via dividend reinvestment in September 2024.
• Following the reported transaction, Yeary beneficially owns 33,074.366 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction without expressing any positive or negative outlook.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies like Intel. It provides transparency to investors regarding the holdings of key personnel.

Comparison to Industry Standards

• Stock ownership and trading activity by directors are common and closely monitored in publicly traded companies.
• Companies like Apple (AAPL), Microsoft (MSFT), and NVIDIA (NVDA) also have similar reporting requirements for their directors and officers.
• The specifics of equity compensation, such as phantom stock units, can vary significantly between companies based on their compensation policies and industry practices.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's stake in the company.
• It assures stakeholders that directors' interests are aligned with shareholders.

Key Dates