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

• On March 28, 2024, Gregory D. Smith, a director of Intel Corp, acquired 707.494 phantom stock units.
• These phantom stock units are payable in cash following the termination of Smith's service on the board of directors.
• The price of the phantom stock units was $44.17.
• Smith also acquired 42.338 units via dividend reinvestment in March 2024.
• Following these transactions, Smith beneficially owns 15,591.843 derivative securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document is a standard regulatory filing detailing stock transactions by a company director.

Future Outlook

The phantom stock units are payable in cash following the 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 filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates