Intel Corp. (INTC) EVP granted RSUs, PSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intel executive Nagasubramaniyan Chandrasekaran reported several equity transactions. On February 28, 2026, he received grants of 85,193 restricted stock units and 85,193 performance stock units, each RSU representing one future Intel share after vesting.
The PSUs can convert into up to 200% of one Intel share per unit, depending on three-year performance goals, and are scheduled to vest on January 31, 2029, subject to conditions. On March 2, 2026, 59,878 RSUs were converted into common stock, and 24,760 shares of common stock were withheld at $44.88 per share to cover tax obligations, leaving him with 207,517 common shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,878 shares exercised/converted
Mixed
5 txns
Insider
Chandrasekaran Nagasubramaniyan
Role
EVP, CT & Ops Off, GM Foundry
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 59,878 | $0.00 | -- |
| Exercise | Common Stock | 59,878 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,760 | $44.88 | $1.11M |
| Grant/Award | Restricted Stock Units | 85,193 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 85,193 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 119,774 shares (Direct);
Common Stock — 232,277 shares (Direct);
Performance Stock Units — 85,193 shares (Direct)
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. 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.
FAQ
What equity awards did Intel (INTC) grant to EVP Nagasubramaniyan Chandrasekaran?
Intel granted the EVP 85,193 restricted stock units and 85,193 performance stock units on February 28, 2026. Each RSU converts into one share after vesting, while each PSU can convert into up to 200% of one share based on multi-year performance goals.
How do the Intel (INTC) restricted stock units for the EVP vest?
The 85,193 restricted stock units vest in three equal annual installments starting on the first anniversary of the grant date. If that date falls on a non-business day, vesting occurs on the next business day, subject to forfeiture terms in the award agreement.
How are Intel (INTC) performance stock units structured for the EVP?
Each of the 85,193 performance stock units can convert into up to 200% of one Intel share. Actual shares depend on pre-approved performance metrics over a three-year period running from the fiscal year of grant through the fiscal year of the second anniversary.
When do Intel (INTC) performance stock units granted to the EVP vest?
The performance stock units are scheduled to vest and convert into shares on January 31, 2029, unless forfeited earlier. If that date is a non-business day, vesting will occur on the next business day, with the final share amount determined by performance outcomes.
What happened when Intel (INTC) RSUs converted for the EVP on March 2, 2026?
On March 2, 2026, 59,878 restricted stock units were exercised and converted into Intel common stock at $0 per share. In a related tax-withholding transaction, 24,760 common shares were withheld at $44.88 per share to satisfy tax obligations.