Form 4: Intel EVP Acquires Shares, Receives New Equity Awards

Intel's EVP, Nagasubramaniyan Chandrasekaran, reported the acquisition of common stock and new grants of Restricted Stock Units and Performance Stock Units.

Summary

• Nagasubramaniyan Chandrasekaran, EVP, CT & Ops Off, and GM Foundry at Intel Corporation, acquired 59,878 shares of common stock on March 2, 2026, likely through the vesting of previously granted equity awards.
• Concurrently, 24,760 shares of common stock were disposed of at a price of $44.88 per share on March 2, 2026, typically for tax withholding purposes related to the vesting.
• Following these transactions, direct beneficial ownership of common stock stands at 207,517 shares.
• On February 28, 2026, Chandrasekaran was granted 85,193 Restricted Stock Units (RSUs) and 85,193 Performance Stock Units (PSUs).
• RSUs represent the right to receive one share of Intel common stock upon vesting, which occurs in three equal annual installments starting on the first anniversary of the grant date.
• PSUs represent the right to receive up to 200% of one share of Intel common stock, contingent on pre-established performance metrics over a three-year period, vesting on January 31, 2029.
• The total number of beneficially owned derivative securities includes 119,774 RSUs and 85,193 PSUs.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing. The grants of RSUs and PSUs align executive incentives with long-term company performance, which is a positive for corporate governance and future strategic execution, despite the routine tax-related share disposition.

Positives

• Grant of 85,193 Restricted Stock Units (RSUs) on February 28, 2026, aligning executive incentives with long-term company performance.
• Grant of 85,193 Performance Stock Units (PSUs) on February 28, 2026, which can convert into up to 200% of common stock based on performance, indicating confidence in future company achievement.
• Acquisition of 59,878 shares of common stock, likely from vesting equity, increasing direct ownership.

Negatives

• Disposition of 24,760 shares of common stock at $44.88 per share for tax withholding purposes, which reduces the executive's direct shareholding.

Future Outlook

The vesting schedules for the newly granted RSUs and PSUs extend into the future, with RSUs vesting annually starting February 28, 2027, and PSUs vesting on January 31, 2029, contingent on pre-established performance metrics over a three-year period. This indicates a long-term incentive structure for the executive.

Industry Context

StockSavvy.ai notes that the grant of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) to a key executive like Nagasubramaniyan Chandrasekaran, EVP, CT & Ops Off, and GM Foundry, is a standard practice in the technology sector. This aligns executive incentives with shareholder interests and long-term company performance, particularly crucial for a company like Intel navigating a competitive semiconductor landscape and investing heavily in foundry operations.

Comparison to Industry Standards

• The use of RSUs and PSUs as a significant component of executive compensation is consistent with practices at major technology companies such as NVIDIA, AMD, and Qualcomm, which also utilize performance-based equity to incentivize leadership.
• The three-year performance period for PSUs and annual vesting for RSUs are common structures designed to retain talent and drive sustained performance, comparable to similar programs at peer companies.
• The disposition of shares for tax withholding upon vesting is a routine and expected event in equity compensation plans across the industry.

Related Party Transactions

• The reported transactions involve an executive officer of Intel Corporation acquiring and disposing of company stock, which are by definition related party transactions under SEC rules.

Stakeholder Impact

• Shareholders: The grants of performance-based equity incentivize the executive to drive long-term value, potentially benefiting shareholders. The tax-related disposition is a routine event with minimal direct impact.
• Employees: No direct impact on general employees is indicated.
• Customers: No direct impact on customers is indicated.
• Suppliers: No direct impact on suppliers is indicated.
• Creditors: No direct impact on creditors is indicated.

Next Steps

• RSUs will vest in three equal annual installments beginning on the first anniversary of the grant date (February 28, 2027).
• PSUs will vest and convert into common stock on January 31, 2029, contingent on the achievement of pre-established performance metrics over a three-year period.

Key Dates

Keywords

Intel, INTC, SEC Form 4, Insider Trading, Stock Units, Restricted Stock Units, Performance Stock Units, Equity Compensation, Executive Compensation, Nagasubramaniyan Chandrasekaran