Intel (INTC) CFO David Zinsner vests 126,563 PSUs and sells shares for taxes
Rhea-AI Filing Summary
Intel Corporation’s EVP and CFO David Zinsner reported equity-based compensation activity and a related share sale. On January 31, 2026, performance-based stock units for 126,563 shares of Intel common stock were earned and converted into common shares after a three-year performance period. On February 2, 2026, 59,690 of these shares were sold at $47.67 per share to cover tax withholding obligations, a common administrative transaction. After these events, Zinsner directly owned 314,265 shares of Intel common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 59,690 | $47.67 | $2.85M |
| Exercise | Performance Stock Units | 126,563 | $0.00 | -- |
| Exercise | Common Stock | 126,563 | $0.00 | -- |
Footnotes (1)
- Performance-based stock units ("PSUs") for 126,563 shares of Intel common stock were earned on January 31, 2026, based on the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, for the three-year performance period beginning fiscal year 2023 and ending on the last day of fiscal year 2025. Each performance-based 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 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, 2026, unless that date falls on a non-business date, in which case the next business date shall apply.
FAQ
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