Form 4: Intel Director Acquires Phantom Stock Units

Director Frank D. Yeary acquired 1,613.086 phantom stock units of Intel Corp on March 28, 2024, at a price of $44.17 per unit.

Summary

• On March 28, 2024, Frank D. Yeary, a director of Intel Corp, acquired 1,613.086 phantom stock units.
• The price of each phantom stock unit was $44.17.
• 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.
• Following the transaction, Yeary beneficially owns 27,218.551 phantom stock units.
• This amount includes 72.834 units acquired via dividend reinvestment from March 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Future Outlook

The phantom stock units are payable in cash following termination of the reporting person's service on the board of directors.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.

Key Dates