Form 4: Intel Director Smith Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Director Stacy J Smith exercised restricted stock units (RSUs) and disposed of 1,001 shares of Intel common stock on May 7, 2024.
Summary
- On May 7, 2024, Stacy J Smith, a director of Intel Corp, exercised 1,001 restricted stock units (RSUs), each representing the right to receive one share of Intel common stock.
- Following the exercise, Smith disposed of 1,001 shares of Intel common stock.
- Smith also indirectly owns 42,495 shares of common stock through a family trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: exercise of restricted stock units and disposal of shares. |
| 05/11/2024 | Date when 100% of the RSUs vest and convert into common stock (or the date of the 2024 Annual Stockholders' Meeting, if earlier). |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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