Form 4: Intel Executive Scott Gawel Reports Stock Transactions
SEC Form 4 Filing
Intel's Chief Accounting Officer, Scott Gawel, reports acquisition and disposal of Intel common stock and derivative securities.
Summary
- On February 29, 2024, Scott Gawel, Intel's Chief Accounting Officer, reported transactions involving Intel common stock and derivative securities.
- Gawel acquired 2,418 shares of common stock through the vesting of restricted stock units (RSUs).
- He also disposed of 1,199 shares to cover tax obligations at a price of $42.75 per share.
- Following these transactions, Gawel directly owns 1,342.596 shares and indirectly owns 28,177.6575 shares through a family trust.
- Additionally, Gawel acquired 24,295 performance stock units (PSUs) and 24,295 restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's performance.
Future Outlook
The vesting schedule for RSUs and PSUs extends into the future, indicating continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities, which can be indicative of their confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock transactions (acquisition and disposal of shares and derivative securities). |
| 03/04/2024 | Date of signature for the Form 4 filing. |
| 05/31/2024 | First vesting date for 1/12th of the newly acquired RSUs. |
| 01/31/2027 | PSUs vest and convert into common stock. |
| 08/30/2023 | First vesting date for 1/12th of the previously acquired RSUs. |
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