Form 4: Intel Officer Gawel Earns PSUs, Sells Shares for Tax

Intel's Chief Accounting Officer, Scott Gawel, earned 22,052 performance-based stock units which converted to common stock, followed by a sale of shares for tax withholding.

Summary

• Scott Gawel, Intel's CVP, Chief Accounting Officer, reported transactions involving Intel common stock.
• On January 31, 2026, 22,052 performance-based stock units (PSUs) were earned and converted into an equal number of Intel common shares.
• These PSUs were earned based on the achievement of pre-established performance metrics for the three-year period from fiscal year 2023 to the end of fiscal year 2025.
• On February 2, 2026, 11,060 shares of common stock were disposed of at a price of $47.67 per share, primarily for tax withholding purposes.
• Following these transactions, Scott Gawel directly beneficially owns 17,194 shares of common stock and indirectly owns 74,944.382 shares through a Family Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting standard executive compensation practices and the achievement of previously set performance targets, rather than new strategic or operational developments.

Positives

• The earning of 22,052 performance-based stock units indicates the achievement of pre-established company performance metrics over the 2023-2025 fiscal years.
• The conversion of PSUs into common stock represents a successful outcome of the company's executive compensation plan.

Negatives

• A portion of the acquired shares (11,060 shares) was sold to cover tax obligations, which is a common practice but results in a reduction of direct beneficial ownership.

Future Outlook

The filing reports on past performance (2023-2025 fiscal years) that led to the earning of PSUs and does not contain any forward-looking statements or guidance regarding future company performance.

Industry Context

StockSavvy.ai notes that executive compensation packages frequently include performance-based equity awards like PSUs, designed to align management incentives with long-term company performance. The subsequent sale of shares for tax withholding is a standard and expected practice following the vesting of such awards across the industry.

Stakeholder Impact

• Shareholders: The transactions are routine insider compensation and tax-related sales, which are generally expected and do not typically indicate a change in company fundamentals.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events, specifically the vesting of performance-based stock units and a subsequent sale of shares for tax withholding. Such transactions are common and pre-planned, providing no new material information that would alter the fundamental investment thesis for Intel. Therefore, a 'hold' recommendation is appropriate as this filing does not present a catalyst for a significant re-evaluation of the stock.

Keywords

Intel, INTC, Form 4, Insider Transaction, Executive Compensation, Performance Stock Units, Stock Sale, Tax Withholding