STOCK TITAN

Intel (NASDAQ: INTC) EVP Aparna Bawa granted new PSU and RSU awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Intel Corporation executive vice president and chief legal and policy officer Aparna Bawa received new equity awards in the form of performance stock units and restricted stock units. On May 30, 2026, she was granted 27,274 performance stock units and 27,274 restricted stock units at no cash cost.

Each restricted stock unit represents one share of Intel common stock after it vests, in three equal annual installments beginning on the first anniversary of the grant date, subject to forfeiture conditions. Each performance stock unit can convert into up to 200% of one share of Intel common stock, depending on pre-established performance metrics over a three-year period, and is scheduled to vest and convert on January 31, 2029, unless forfeited earlier.

Positive

  • None.

Negative

  • None.
Insider Bawa Aparna
Role EVP, CLO & CPO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 27,274 $0.00 --
Grant/Award Performance Stock Units 27,274 $0.00 --
Holdings After Transaction: Restricted Stock Units — 27,274 shares (Direct, null); Performance Stock Units — 27,274 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock. 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. 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. 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.
Performance stock units granted 27,274 units Grant of PSUs to EVP Aparna Bawa on May 30, 2026
Restricted stock units granted 27,274 units Grant of RSUs to EVP Aparna Bawa on May 30, 2026
PSU share conversion cap Up to 200% of one share per PSU Conversion rate contingent on performance metrics
PSU vesting date January 31, 2029 Scheduled vesting and conversion date for PSUs
RSU vesting schedule 3 equal annual installments Beginning on first anniversary of grant date
Performance period length 3 fiscal years PSU metrics measured over a three-year performance period
Restricted stock unit financial
"Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance stock unit financial
"Each performance stock unit (PSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
Talent and Compensation Committee financial
"pre-established performance metrics, as approved by the Company's Talent and Compensation Committee, over a three-year performance period"
vesting financial
"Unless earlier forfeited under the terms of the RSUs, the RSUs will vest in three equal annual installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeited financial
"Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Bawa Aparna

(Last)(First)(Middle)
C/O INTEL CORPORATION
2200 MISSION COLLEGE BLVD.

(Street)
SANTA CLARA CALIFORNIA 95054

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
INTEL CORP [ INTC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, CLO & CPO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/30/2026A27,274 (2) (2)Common Stock27,274(1)27,274D
Performance Stock Units(3)05/30/2026A27,274 (4) (4)Common Stock27,274(3)27,274D
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/ Harry Demas, attorney-in-fact06/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Intel (INTC) report for Aparna Bawa?

Intel reported that EVP Aparna Bawa received equity awards, not open-market trades. She was granted performance stock units and restricted stock units, which are compensation-linked rights to Intel common stock that vest over time and depend on service and performance conditions.

How many RSUs did Intel (INTC) grant to Aparna Bawa in this Form 4?

Intel granted Aparna Bawa 27,274 restricted stock units. Each RSU represents the right to receive one share of Intel common stock after vesting, in three equal annual installments starting on the first anniversary of the grant date, subject to forfeiture terms.

What are the terms of the performance stock units granted by Intel (INTC)?

Intel granted 27,274 performance stock units to Aparna Bawa. Each PSU can convert into up to 200% of one Intel common share, based on pre-set performance metrics measured over a three-year period, with vesting and conversion scheduled on January 31, 2029, absent earlier forfeiture.

When do Aparna Bawa’s Intel (INTC) RSUs vest according to the filing?

The restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, with each installment delivered in Intel common stock, adjusted for any forfeiture provisions, and dates move to the next business day if falling on a non-business day.

How is performance measured for Intel (INTC) PSUs granted to Aparna Bawa?

The number of Intel shares delivered from the PSUs depends on pre-established performance metrics. These metrics are approved by the company’s Talent and Compensation Committee and measured over a three-year performance period running from the fiscal year of the grant through the fiscal year of the second anniversary.

Does this Intel (INTC) Form 4 show any stock sales by Aparna Bawa?

No, the filing only shows equity award grants to Aparna Bawa. It reports acquisitions of performance stock units and restricted stock units as part of her compensation, with no open-market stock purchases or sales disclosed in this particular Form 4.