GAWEL SCOTT 4
4 · INTEL CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Intel CVP Scott Receives 22,052 Shares via PSU Vesting
What Happened Gawel Scott, CVP and Chief Accounting Officer of Intel (INTC), had 22,052 performance-based stock units (PSUs) vest/convert into common shares on January 31, 2026 (reported as an exercise/conversion of a derivative). To cover tax withholding, 11,060 shares were surrendered/withheld on February 2, 2026 at $47.67 per share, totaling $527,230. Net shares delivered to Scott after withholding were 10,992 shares. This was a compensation-related vesting event, not an open-market purchase.
Key Details
- Transaction types/codes: M = exercise/conversion of derivative (PSU vesting) for 22,052 shares (acquired); F = tax withholding (disposition) of 11,060 shares at $47.67 each for $527,230.
- Dates: PSUs earned/vested on 2026-01-31; tax withholding occurred 2026-02-02; Form 4 filed 2026-02-03 (timely filing).
- Shares owned after transaction: Not reported in this Form 4.
- Notable footnotes: PSUs were earned based on achievement of pre-established performance metrics for the three-year performance period beginning FY 2023 and ending FY 2025. Each PSU can convert into up to 200% of one share; vesting/conversion occurred on or about 1/31/2026 (per filing).
- Nature of disposition: The 11,060-share disposition was to satisfy tax withholding, a routine administrative step (code F), not necessarily an open-market sale.
Context PSUs are performance-based equity awards that vest based on multi-year goals; this filing shows the award payout and standard tax withholding. Such compensation-related vesting and withholding are common and do not by themselves indicate insider market sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-31+22,052→ 28,254 total - Tax Payment
Common Stock
2026-02-02$47.67/sh−11,060$527,230→ 17,194 total - Exercise/Conversion
Performance Stock Units
[F2][F1][F3]2026-01-31−22,052→ 0 total→ Common Stock (22,052 underlying)
- 74,944.382(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Performance-based stock units ("PSUs") for 22,052 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.
- [F2]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.
- [F3]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.