Intel (INTC) CEO Lip Bu Tan awarded major PSU and stock option grants

Rhea-AI Filing Summary

Intel Corporation director and CEO Lip Bu Tan reported equity awards under the company’s compensation program. On February 28, 2026, he received 306,692 Performance Stock Units (PSUs), each representing the right to receive up to 200% of one share of Intel common stock, depending on performance.

The number of shares ultimately delivered from these PSUs will depend on pre-approved performance metrics measured over a three-year period beginning with 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, each PSU is scheduled to vest and convert into no more than 200% of one share on January 31, 2029, or the next business date.

He was also granted 468,087 employee stock options with a right to buy Intel common stock. These options vest in three equal annual installments beginning on the first anniversary of the grant date, subject to earlier forfeiture under the option terms.

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^*

TAN LIP BU

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

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

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
Performance Stock Units	(1)	02/28/2026		A		306,692		(2)	(2)	Common Stock	306,692	(1)	306,692	D
Employee Stock Option (Right to Buy)	$45.48	02/28/2026		A		468,087		(3)	02/28/2033	Common Stock	468,087	$0	468,087	D

Explanation of Responses:

1. 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.

2. 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.

3. Unless earlier forfeited under the terms of the option, the option vests in three equal annual installments beginning on the first anniversary of the grant date.

	/s/ Julie Kwok, attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did Intel (INTC) CEO Lip Bu Tan receive on February 28, 2026?

On February 28, 2026, Lip Bu Tan received 306,692 Performance Stock Units and 468,087 employee stock options. The PSUs can convert into Intel common shares based on performance, while the options give him the right to buy shares over time.

How do the Performance Stock Units granted to Intel (INTC) CEO Lip Bu Tan vest?

Each PSU represents the right to receive up to 200% of one Intel share after vesting. Vesting depends on pre-established performance metrics measured over a three-year period tied to fiscal years around the grant date, as approved by Intel’s Talent and Compensation Committee.

When are Lip Bu Tan’s Intel (INTC) Performance Stock Units scheduled to vest?

Unless forfeited earlier, each PSU is scheduled to vest and convert into no more than 200% of one Intel share on January 31, 2029, or the next business date. Actual shares delivered will depend on performance against specified metrics.

What is the vesting schedule for Intel (INTC) stock options granted to Lip Bu Tan?

The 468,087 employee stock options granted to Lip Bu Tan vest in three equal annual installments. Vesting starts on the first anniversary of the February 28, 2026 grant date, assuming the options are not forfeited under their terms.

Are Lip Bu Tan’s new Intel (INTC) Performance Stock Units guaranteed to deliver the maximum shares?

No, the PSUs can deliver up to 200% of one Intel share each, but the actual number depends on achieving pre-established performance metrics over the three-year performance period. If performance is weaker, fewer shares may be delivered at vesting.

Who approves the performance metrics for Intel (INTC) PSUs granted to Lip Bu Tan?

The performance metrics for Lip Bu Tan’s PSUs are approved by Intel’s Talent and Compensation Committee. These metrics determine how many Intel common shares, up to 200% per PSU, he ultimately receives at the end of the performance period.