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Intel Corp. (INTC) EVP granted RSUs, PSUs and withholds shares for tax

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
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

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Negative

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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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Chandrasekaran Nagasubramaniyan

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, CT & Ops Off, GM Foundry
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
Common Stock 03/02/2026 M 59,878 A (1) 232,277 D
Common Stock 03/02/2026 F 24,760 D $44.88 207,517 D
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
Restricted Stock Units (1) 02/28/2026 A 85,193 (2) (2) Common Stock 85,193 (1) 85,193 D
Performance Stock Units (3) 02/28/2026 A 85,193 (4) (4) Common Stock 85,193 (1) 85,193 D
Restricted Stock Units (1) 03/02/2026 M 59,878 (2) (2) Common Stock 59,878 (1) 119,774 D
Explanation of Responses:
1. Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock.
2. 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.
3. 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.
4. 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.
/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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many Intel (INTC) shares does the EVP own after these transactions?

Following the March 2, 2026 transactions, the EVP directly holds 207,517 shares of Intel common stock. This figure reflects RSU conversion into shares and the disposition of certain shares to cover tax liabilities through share withholding at a stated market price.
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