Form 4: Intel Director Gregory D. Smith Reports Acquisition of Phantom Stock Units

Director Gregory D. Smith reported the acquisition of phantom stock units and holdings in Intel common stock through dividend reinvestment.

Summary

• On September 27, 2024, Gregory D. Smith, a director of Intel Corp, acquired 1,516.102 phantom stock units.
• These units represent the right to receive the cash value of one share of Intel common stock and are payable in cash following termination of his service on the board of directors.
• The transaction also includes 104.643 units acquired via dividend reinvestment in September 2024.
• Following the reported transaction, Smith directly owns 18,447.42 shares of Intel common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company through stock and unit acquisitions.

Positives

• The acquisition of phantom stock units and shares through dividend reinvestment demonstrates the director's continued investment 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the director's holdings and investment in the company.

Key Dates