Form 4: Intel Director Ishrak Omar Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Ishrak Omar reported the acquisition of 1,539.409 phantom stock units representing the right to receive the cash value of Intel common stock.
Summary
- On December 27, 2024, Intel Director Ishrak Omar acquired 1,539.409 phantom stock units.
- Each phantom stock unit represents the right to receive the cash value of one share of Intel common stock.
- The price of each phantom stock unit is $20.3.
- Following the transaction, Omar directly owns 4,462.169 derivative securities.
- These phantom stock units are payable in cash following termination of Omar's service on the board of directors.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports a transaction and doesn't inherently indicate 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
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. It's a routine part of corporate governance and transparency requirements.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard insider transaction.
Key Dates
| Date | Description |
|---|---|
| 12/27/2024 | Date of transaction: Acquisition of phantom stock units. |
| 12/31/2024 | Date of signature for the Form 4 filing. |
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