Form 4: Intel Director Andrea Jo Goldsmith Reports Acquisition of Phantom Stock Units

Director Andrea Jo Goldsmith reports the acquisition of phantom stock units and dividend reinvestment in Intel common stock.

Summary

• On June 28, 2024, Andrea Jo Goldsmith, a director of Intel Corp, acquired 968.68 phantom stock units.
• These phantom stock units represent the right to receive the cash value of one share of Intel common stock and are payable in cash following termination of her service on the board of directors.
• The price of the derivative security is $30.97.
• Following the transaction, Goldsmith beneficially owns 7,151.071 derivative securities, which includes 25.409 units acquired via dividend reinvestment from June 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports a transaction. There is no indication of positive or negative sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of Intel.
• Dividend reinvestment indicates a continued investment and confidence in Intel's future.

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 routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in beneficial ownership by a company director, which is a common occurrence.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates