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 dividend reinvestment in Intel common stock.

Summary

• Gregory D. Smith, a director at Intel Corp, filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 1,170.488 phantom stock units on June 28, 2024, which are payable in cash following termination of board service.
• These units represent the right to receive the cash value of one share of Intel common stock.
• The price of the phantom stock units was $30.97.
• Smith also acquired 64.344 units via dividend reinvestment in June 2024.
• Following the reported transactions, Smith beneficially owns 16,826.675 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard insider trading disclosures. It doesn't inherently convey positive or negative 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.

Key Dates