Form 4: Patrick Gelsinger, Intel CEO, Reports Stock Transactions

Intel CEO Patrick Gelsinger reports the vesting and conversion of restricted stock units into common stock, along with tax withholding transactions.

Summary

• On October 31, 2024, Patrick Gelsinger, the CEO of Intel, reported transactions involving Intel's common stock and restricted stock units (RSUs).
• Gelsinger converted 6,779 restricted stock units into common stock.
• A portion of Gelsinger's shares were disposed of to cover tax obligations, with 3,362 shares sold at a price of $21.86.
• Following these transactions, Gelsinger directly owns 93,883 shares of Intel common stock.
• Gelsinger also indirectly owns shares through various trusts, with amounts ranging from 1,480 to 191,926 shares per trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice among publicly traded companies. It provides transparency to investors regarding the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Intel.
• Similar filings are made by executives at companies like Apple (AAPL), Microsoft (MSFT), and NVIDIA (NVDA) to disclose changes in their ownership positions.
• The reporting requirements are standardized by the SEC, ensuring transparency across the industry.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the CEO's stock ownership.
• The filing ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates