Intel (NASDAQ: INTC) director receives 12,552 shares through RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intel director Steve Sanghi exercised restricted stock units into common shares, increasing his direct holdings without any open-market sale. On the transaction date, 12,552 RSUs converted into 12,552 shares of Intel common stock, bringing his direct ownership to 17,684 shares after the transaction.
Each RSU represents the right to receive one share of common stock after vesting, with this award vesting in full on the earlier of the first anniversary of the grant date or the date of the 2026 Annual Stockholders' Meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,552 shares exercised/converted
Mixed
2 txns
Insider
Sanghi Steve
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,552 | $0.00 | -- |
| Exercise | Common Stock | 12,552 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 17,684 shares (Direct, null)
Footnotes (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 award, 100% of the RSUs vest and convert into common stock on the earlier of of the first anniversary of the grant date (or next business date, if applicable), or the date of the 2026 Annual Stockholders' Meeting.
Key Figures
RSUs exercised: 12,552 units
Shares acquired from RSUs: 12,552 shares
Post-transaction holdings: 17,684 shares
+2 more
5 metrics
RSUs exercised
12,552 units
Restricted Stock Units converted into common stock
Shares acquired from RSUs
12,552 shares
Common stock received upon RSU conversion
Post-transaction holdings
17,684 shares
Intel common stock directly held after the transaction
Exercise price
$0.00 per share
Stated conversion price for RSUs into common stock
Transaction date
May 7, 2026
Date of RSU exercise and share issuance
Key Terms
Restricted Stock Units, derivative security, Annual Stockholders' Meeting
3 terms
Restricted Stock Units financial
"Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"Transaction code M is described as an exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Annual Stockholders' Meeting financial
"100% of the RSUs vest and convert into common stock on the earlier of the first anniversary of the grant date ... or the date of the 2026 Annual Stockholders' Meeting."
FAQ
What insider transaction did Intel (INTC) director Steve Sanghi report?
Steve Sanghi reported exercising 12,552 restricted stock units into 12,552 shares of Intel common stock. This was a derivative exercise, not an open-market trade, and increased his direct ownership stake in Intel without any reported share sale.
What are the terms of the restricted stock units in Intel (INTC) director Steve Sanghi’s award?
Each restricted stock unit represents the right to receive one Intel common share after vesting. The award vests 100% on the earlier of the first anniversary of the grant date or the date of the 2026 Annual Stockholders' Meeting, unless forfeited earlier.
How many restricted stock units did Intel (INTC) director Steve Sanghi exercise?
Steve Sanghi exercised 12,552 restricted stock units. Those RSUs converted into 12,552 shares of Intel common stock at a stated exercise or conversion price of $0.00 per share, consistent with typical restricted stock unit structures.