Intel (NASDAQ: INTC) CFO receives major RSU and PSU grants, withholds shares for taxes

Rhea-AI Filing Summary

Intel EVP and CFO David Zinsner reported several equity compensation transactions in Intel common stock and stock units. On February 28, 2026, he received grants of 100,101 restricted stock units (RSUs) and 100,101 performance stock units (PSUs) at no cost.

On March 2, 2026, previously granted RSUs converted into 70,356 and 28,996 shares of common stock through derivative exercises, increasing his direct holdings. The filing also shows share dispositions of 34,883 and 14,377 shares of common stock at $44.88 per share to cover tax liabilities, described as tax-withholding transactions rather than open-market sales. PSU vesting can deliver up to 200% of one share per unit, subject to performance over a three-year period, with vesting scheduled by January 31, 2029.

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

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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^*

Zinsner David

(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, CFO

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		70,356	A	(1)	384,621	D
Common Stock	03/02/2026		F		34,883	D	$44.88	349,738	D
Common Stock	03/02/2026		M		28,996	A	(1)	378,734	D
Common Stock	03/02/2026		F		14,377	D	$44.88	364,357	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		100,101		(2)	(2)	Common Stock	100,101	(1)	100,101	D
Performance Stock Units	(3)	02/28/2026		A		100,101		(4)	(4)	Common Stock	100,101	(3)	100,101	D
Restricted Stock Units	(1)	03/02/2026		M			70,356	(2)	(2)	Common Stock	70,356	(1)	140,735	D
Restricted Stock Units	(1)	03/02/2026		M			28,996	(2)	(2)	Common Stock	28,996	(1)	29,005	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) CFO David Zinsner report?

David Zinsner reported equity award grants and related share movements. He received RSU and PSU grants, saw earlier RSUs convert into common stock, and had shares withheld to cover tax obligations, all as part of Intel’s stock-based compensation structure rather than open-market buying or selling.

How many restricted stock units did Intel CFO David Zinsner receive?

David Zinsner received 100,101 restricted stock units (RSUs). Each RSU represents the right to receive one share of Intel common stock after vesting, which occurs in three equal annual installments starting on the first anniversary of the grant date, subject to forfeiture conditions.

What are the terms of David Zinsner’s Intel performance stock units (PSUs)?

Zinsner was granted 100,101 performance stock units (PSUs). Each PSU can convert into up to 200% of one Intel common share, depending on pre-approved performance metrics over a three-year period, with vesting and conversion scheduled on January 31, 2029, unless that date is a non-business day.

Did Intel CFO David Zinsner sell shares in the open market in this Form 4?

The filing shows tax-withholding share dispositions, not open-market sales. Common stock shares were delivered at $44.88 per share to satisfy tax liabilities tied to equity awards, which is treated as a tax-withholding disposition rather than a discretionary sale for investment purposes.

How did David Zinsner’s Intel common stock holdings change after these transactions?

Zinsner’s direct common stock holdings increased through RSU conversions. RSUs converted into newly issued common shares, while some shares were simultaneously delivered to cover tax obligations, leaving him with a reported post-transaction balance of directly held Intel common stock in the hundreds of thousands of shares.

When will David Zinsner’s new Intel RSUs vest?

The new RSUs vest in three equal annual installments. Vesting begins on the first anniversary of the February 28, 2026 grant date, with additional installments annually thereafter, adjusting to the next business date if the scheduled anniversary falls on a non-business day.