Form 4: Intel Executive Scott Gawel Reports Stock Transactions

Scott Gawel, CVP and Chief Accounting Officer at Intel, reported the vesting and conversion of restricted stock units into Intel common stock, along with associated tax withholding.

Summary

• On July 30, 2024, Scott Gawel, the CVP and Chief Accounting Officer of Intel, reported transactions involving Intel common stock.
• These transactions included the vesting and conversion of restricted stock units (RSUs) into common stock.
• Specifically, 4,357 RSUs and 3,268 RSUs vested and were converted into common stock.
• A portion of the shares obtained from the RSU conversion (2,161 shares and 1,621 shares respectively) were withheld to satisfy tax obligations at a price of $30.46.
• Following these transactions, Gawel directly owns 6,221.875 shares of Intel common stock and indirectly owns 33,441.4321 shares through a family trust.
• The RSUs vest in quarterly installments, beginning on October 30, 2022.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock ownership, with no particularly positive or negative implications.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates