Intel (INTC) EVP Aliyar Katouzian receives new RSU and PSU equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intel Corporation executive Aliyar Katouzian reported equity compensation awards in the form of restricted stock units (RSUs) and performance stock units (PSUs). The grants are compensation-related awards, not open‑market purchases or sales.
The filing shows 87,276 RSUs and 32,729 additional RSUs, each ultimately convertible into the same number of Intel common shares after vesting, plus 32,729 PSUs that can convert into up to 200% of one share each based on performance. One RSU award vests in three equal annual installments starting on the first anniversary of the grant date, another vests 100% on the third anniversary, and the PSUs cliff‑vest on January 31, 2029, subject to pre‑set multi‑year performance metrics and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Katouzian Aliyar
Role
EVP, GM CC & Physical AI Grp
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 32,729 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 87,276 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 32,729 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 32,729 shares (Direct, null);
Performance Stock Units — 32,729 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 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. Unless earlier forfeited under the terms of the RSU, 100% of the awards vest and convert into common stock on the 3rd 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.
Key Figures
RSU grant 1: 87,276 units
RSU grant 2: 32,729 units
PSU grant: 32,729 units
+3 more
6 metrics
RSU grant 1
87,276 units
Restricted Stock Units, grant/award acquisition on May 30, 2026
RSU grant 2
32,729 units
Additional Restricted Stock Units, grant/award acquisition on May 30, 2026
PSU grant
32,729 units
Performance Stock Units, grant/award acquisition on May 30, 2026
PSU conversion cap
Up to 200% of one share per PSU
Maximum Intel common shares deliverable per vested PSU
PSU vesting date
January 31, 2029
PSUs vest and convert into Intel common stock on this date, absent forfeiture
RSU annual vesting schedule
3 equal installments
One RSU award vests in three equal annual installments starting first anniversary
Key Terms
Restricted Stock Units, Performance Stock Units, vesting, Talent and Compensation Committee, +1 more
5 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.
Performance Stock Units financial
"Each performance stock unit (PSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
vesting financial
"the RSUs will vest in three equal annual installments of Intel common stock beginning on the first anniversary of the grant date"
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.
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"
performance period financial
"over a three-year performance period beginning with the first day of the fiscal year of the grant date"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
What equity awards did Intel (INTC) grant to Aliyar Katouzian in this Form 4?
Intel granted Aliyar Katouzian 87,276 restricted stock units, 32,729 additional restricted stock units, and 32,729 performance stock units. Each RSU converts into one share after vesting, while each PSU can convert into up to 200% of one Intel common share, subject to performance.
How do the restricted stock units for Aliyar Katouzian at Intel (INTC) vest?
One RSU award vests in three equal annual installments of Intel common stock starting on the first anniversary of the grant date. A separate RSU award vests 100% on the third anniversary, with both awards subject to forfeiture if service or other terms are not met.
What are the key terms of Aliyar Katouzian’s performance stock units at Intel (INTC)?
Each performance stock unit represents the right to receive up to 200% of one Intel common share after vesting. Actual shares depend on pre‑established performance metrics over a three‑year period, with vesting and conversion scheduled for January 31, 2029, absent earlier forfeiture.
Are Aliyar Katouzian’s new Intel (INTC) awards open-market stock purchases or compensation grants?
These are compensation grants, not open‑market purchases. The Form 4 uses transaction code "A" for grant or award acquisitions of RSUs and PSUs, all at a stated price of $0.00 per unit, reflecting stock-based compensation rather than cash transactions in the market.
Who approves the performance conditions for Intel (INTC) performance stock units granted to Aliyar Katouzian?
The performance metrics for Aliyar Katouzian’s performance stock units are approved by Intel’s Talent and Compensation Committee. The number of Intel common shares ultimately delivered depends on achievement of these committee‑approved metrics over the defined three‑year performance period.