Form 4: Intel Director Smith Acquires Phantom Stock Units

Director Gregory D. Smith acquired 1,785.714 phantom stock units of Intel Corp on December 27, 2024.

Summary

• Gregory D. Smith, a director of Intel Corp, reported a transaction involving phantom stock units.
• On December 27, 2024, Smith acquired 1,785.714 phantom stock units, each representing the right to receive the cash value of one share of Intel common stock.
• The price per share for the underlying common stock was $20.3.
• Following the transaction, Smith directly owns 20,233.134 shares of Intel common stock.
• The phantom stock units are payable in cash upon termination of Smith's service on the board of directors.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of phantom stock units, which can be seen as a positive sign of confidence, but it's not a major event.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's equity.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's investment in the company.

Key Dates