Form 4: Intel Executive Scott Gawel Reports Stock Transactions
SEC Form 4 Filing
Intel's Chief Accounting Officer, Scott Gawel, reports the vesting and subsequent sale of restricted stock units, along with adjustments to holdings in a family trust.
Summary
- Scott Gawel, Intel's CVP and Chief Accounting Officer, reported transactions involving Intel common stock on October 30, 2024.
- These transactions included the vesting of 4,357 and 3,267 restricted stock units (RSUs), which converted into common stock.
- Gawel also disposed of 2,161 and 1,620 shares to cover tax obligations related to the RSU vesting at a price of $22.6 per share.
- Following these transactions, Gawel directly owns 6,256.36 shares of Intel common stock and indirectly owns 39,724.022 shares through a family trust.
- The family trust holdings include 199.5899 shares acquired via dividend reinvestment from September 2024.
- Gawel directly owns 13,070 and 9,803 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an Intel executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives at publicly traded companies like Intel.
Comparison to Industry Standards
- Form 4 filings are standard practice across all publicly traded companies in the US, including Intel's competitors like AMD, NVIDIA, and Qualcomm.
- The reporting requirements are consistent, ensuring transparency in insider trading activities.
- The volume of shares traded and the nature of the transactions (RSU vesting and tax-related disposals) are typical for executive compensation packages in the tech industry.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| October 30, 2022 | Beginning date for RSU vesting, with 1/12th of the award vesting quarterly. |
| September 2024 | Date of dividend reinvestment for shares held in the family trust. |
| October 30, 2024 | Date of the reported stock transactions, including RSU vesting and share disposal. |
| November 01, 2024 | Date of signature on the Form 4 filing. |
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