Intel (NASDAQ: INTC) legal chief reports major RSU and PSU grants

Rhea-AI Filing Summary

Intel executive April Miller Boise, EVP and Chief Legal Officer, reported several equity compensation moves. On February 28, 2026, she received grants of 55,908 restricted stock units (RSUs) and 55,908 performance stock units (PSUs), each RSU or PSU tied to Intel common stock. On March 2, 2026, RSUs covering 16,195 and 39,295 units were exercised into the same number of common shares, while 6,940 and 16,838 shares were disposed of at $44.88 per share to cover tax obligations. After these transactions, she directly held 144,772 Intel common shares, with RSUs vesting annually over three years and PSUs eligible to convert into up to 200% of one share each based on performance through January 31, 2029.

Insights

Equity Compensation Analyst

Intel’s legal chief reported routine equity grants, vesting, and tax withholdings, with net share ownership increasing overall.

April Miller Boise, Intel’s EVP and Chief Legal Officer, received sizeable equity awards: 55,908 RSUs and 55,908 PSUs. RSUs vest in three annual installments, while PSUs can convert into up to 200% of one share each, depending on performance over a three-year period.

On March 2, 2026, previously granted RSUs were exercised, creating common shares. To satisfy tax obligations, shares valued at $44.88 per share were withheld and disposed of under code F, indicating tax-withholding rather than open-market selling.

The filing shows her direct common stock holdings rising to 144,772 shares after these transactions. Future company disclosures around the PSU performance period ending on January 31, 2029 will determine how many shares ultimately vest from the PSU grant.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miller Boise April

(Last) (First) (Middle)

C/O INTEL CORPORATION

2200 MISSION COLLEGE BLVD.

(Street)

SANTA CLARA CA 95054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INTEL CORP [ INTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		M		16,195	A	(1)	129,255	D
Common Stock	03/02/2026		F		6,940	D	$44.88	122,315	D
Common Stock	03/02/2026		M		39,295	A	(1)	161,610	D
Common Stock	03/02/2026		F		16,838	D	$44.88	144,772	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/28/2026		A		55,908		(2)	(2)	Common Stock	55,908	(1)	55,908	D
Performance Stock Units	(3)	02/28/2026		A		55,908		(4)	(4)	Common Stock	55,908	(3)	55,908	D
Restricted Stock Units	(1)	03/02/2026		M			16,195	(2)	(2)	Common Stock	16,195	(1)	16,200	D
Restricted Stock Units	(1)	03/02/2026		M			39,295	(2)	(2)	Common Stock	39,295	(1)	78,602	D

Explanation of Responses:

1. Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock.

2. Unless earlier forfeited under the terms of the RSUs, the RSUs will vest in three equal annual installments of Intel common stock beginning on the first anniversary of the grant date, unless that date falls on a non-business date, in which case the next business date shall apply.

3. Each performance stock unit (PSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock. The number of shares of Intel common stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Talent and Compensation Committee, over a three-year performance period beginning with the first day of the fiscal year of the grant date and ending on the last day of the fiscal year of the second anniversary of the grant date.

4. Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock on January 31, 2029, unless that date falls on a non-business date, in which case the next business date shall apply.

	/s/ Julie Kwok, attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Intel (INTC) EVP April Miller Boise report?

April Miller Boise reported new equity grants and related share movements. She received 55,908 RSUs and 55,908 PSUs, exercised earlier RSUs into common stock, and had shares withheld and disposed of at $44.88 per share to cover tax obligations tied to these vesting events.

How many RSUs and PSUs did Intel’s April Miller Boise receive in this Form 4?

She received 55,908 restricted stock units and 55,908 performance stock units. Each RSU represents one Intel common share upon vesting, while each PSU can convert into up to 200% of one share, depending on performance measured over a specified multi-year period.

How do the Intel RSUs granted to April Miller Boise vest over time?

The RSUs vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, with each installment delivering Intel common stock, subject to standard forfeiture provisions and business-day adjustments if the scheduled vesting date falls on a non-business day.

What are the key terms of the Intel PSUs granted to April Miller Boise?

Each PSU can convert into up to 200% of one Intel share. The final number depends on achievement of pre-approved performance metrics over a three-year performance period, with vesting and conversion scheduled for January 31, 2029, adjusted if that date is not a business day.

Did April Miller Boise sell Intel (INTC) shares on the open market in this filing?

The filing shows share dispositions to cover tax liabilities, not open-market sales. Transactions coded “F” reflect payment of exercise price or taxes by delivering shares at $44.88 each, a standard mechanism associated with vesting and option or unit exercises.

How many Intel common shares does April Miller Boise own after these transactions?

She directly holds 144,772 shares of Intel common stock after the reported activity. This balance reflects RSU conversions into common shares and the shares disposed of to satisfy tax obligations, as disclosed in the non-derivative transaction totals in the Form 4 data.