Form 4: Intel Director Tan Lip Bu Reports Stock Transactions
SEC Form 4 Filing
Director Tan Lip Bu reports the vesting and conversion of restricted stock units into Intel common stock.
Summary
- On May 7, 2024, Director Tan Lip Bu reported transactions involving Intel common stock.
- These transactions involved the vesting and conversion of restricted stock units (RSUs) into common stock.
- Specifically, 138, 2,317, and 7,152 RSUs vested and converted into common stock.
- Following these transactions, Tan Lip Bu directly owns 15,910 shares of common stock.
- Tan Lip Bu also indirectly owns 500 shares through L TAN & N LEE TTEE, PACVEN WALDEN INC 401(K) PSP, FBO LIP-BU TAN and 166,000 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of Intel stock.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: vesting and conversion of restricted stock units. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
| May 11, 2024 | Date that 100% of the 138 RSUs vest and convert into common stock if earlier than the date of the 2024 Annual Stockholders' Meeting. |
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