Form 4: Intel EVP Michelle Holthaus Reports Stock Transactions

Michelle Holthaus, EVP & GM of CCG at Intel, reports the vesting and subsequent sale of restricted stock units and other transactions involving Intel common stock.

Summary

• On October 31, 2024, Michelle Holthaus, an EVP & GM at Intel, reported transactions involving Intel common stock.
• Holthaus exercised restricted stock units (RSUs), converting 8,119 units into common stock.
• Simultaneously, 8,119 shares were sold to cover taxes at a price of $21.86 per share, resulting in a disposition of 3,195 shares.
• Following these transactions, Holthaus directly owns 298,258 shares of Intel common stock.
• Additionally, Holthaus indirectly owns 1,438.108 shares through a 401(k) savings plan, which includes 8.522 shares acquired via dividend reinvestment in September 2024.
• The RSUs vest in quarterly installments, starting April 30, 2022.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive stock transactions, and does not inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's performance and future prospects. Form 4 filings are a standard part of regulatory compliance.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units (RSUs) to align management's interests with those of shareholders.
• The vesting schedule of RSUs, such as the quarterly tranches described in the document, is a typical structure used by many companies, including competitors like AMD and NVIDIA.
• The sale of shares to cover tax obligations upon vesting of RSUs is a standard practice among executives in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
• The transactions are part of the executive's compensation and do not directly impact employees, customers, suppliers, or creditors.

Key Dates