Form 4: Intel Executive Christoph Schell Reports Stock Transactions
SEC Form 4 Filing
EVP Christoph Schell reports the vesting and conversion of restricted stock units into Intel common stock, along with a disposition of shares to cover tax obligations.
Summary
- Christoph Schell, an Executive Vice President at Intel, reported transactions involving Intel common stock on July 30, 2024.
- These transactions included the vesting of 8,063 restricted stock units (RSUs) and their conversion into common stock.
- Schell also disposed of 3,998 shares of common stock to satisfy tax withholding obligations at a price of $30.46 per share.
- Following these transactions, Schell directly owns 65,224 shares of Intel common stock and 16,125 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Intel. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
- The transactions have a minor impact on employees as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| April 30, 2022 | Beginning date for the quarterly vesting of the restricted stock units. |
| July 30, 2024 | Date of the reported stock transactions, including RSU vesting and stock disposal for tax obligations. |
| August 01, 2024 | Date of signature for the report. |
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