Form 4: Intel Executive Scott Gawel Reports Stock Transactions

Intel's Chief Accounting Officer, Scott Gawel, executed stock transactions involving the vesting of restricted stock units and the subsequent withholding of shares to cover taxes.

Summary

• Scott Gawel, Intel's Chief Accounting Officer, reported transactions involving Intel common stock.
• On December 3, 2024, 1,596 restricted stock units (RSUs) vested and converted into common stock.
• Following the vesting, 792 shares were withheld to cover tax obligations at a price of $23.1 per share.
• After these transactions, Mr. Gawel directly owns 3,218.36 shares of Intel common stock.
• Additionally, Mr. Gawel indirectly owns 45,806.022 shares through a family trust.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive stock transactions, which is neither positive nor negative for the company's performance. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.

Comparison to Industry Standards

• The vesting of restricted stock units and subsequent tax withholding is a standard practice in executive compensation across the technology industry.
• Many companies, such as AMD, Nvidia, and Qualcomm, use similar equity-based compensation plans for their executives.
• Form 4 filings are a common regulatory requirement for all publicly traded companies in the US, ensuring transparency of insider transactions.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.
• The filing provides transparency to stakeholders regarding insider transactions.

Key Dates

Keywords

Intel, stock transactions, restricted stock units, insider trading, Form 4, executive compensation, stock vesting