Form 4: Intel Director Acquires Phantom Stock Units
SEC Form 4 Filing
Director Omar Ishrak acquired 594.295 phantom stock units of Intel Corp on March 28, 2024, convertible to cash upon termination of board service.
Summary
- On March 28, 2024, Omar Ishrak, a director of Intel Corp, acquired 594.295 phantom stock units.
- Each phantom stock unit represents the right to receive the cash value of one share of Intel common stock.
- The price per unit was $44.17.
- These units are payable in cash following the termination of Ishrak's service on the board of directors.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors and officers. This allows the public to see if company insiders are buying or selling company stock.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Omar Ishrak acquired phantom stock units. |
| 04/02/2024 | Date of filing: Form 4 filing date. |
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