Zinsner David 4

What Happened David Zinsner, Intel EVP and CFO, had 126,563 performance stock units (PSUs) vest and convert into Intel common stock on January 31, 2026. Of those vested shares, 59,690 were withheld/sold to cover tax obligations at $47.67 per share, producing proceeds of $2,845,422. The underlying PSU conversion is recorded as a derivative exercise/conversion (transaction code M) and the withholding/tax-payment is recorded under code F.

Key Details

• Transaction dates: PSUs vested/converted on 2026-01-31; tax withholding/disposal recorded 2026-02-02. Form filed 2026-02-03.
• Shares involved: 126,563 PSUs vested → 126,563 shares issued on conversion; 59,690 shares withheld/sold for taxes; net newly retained shares from this vesting = 66,873 (126,563 − 59,690).
• Price / value: Withheld/sold shares priced at $47.67 for total proceeds of $2,845,422. Conversion/exercise price for the PSUs is N/A.
• Footnotes: F1–F3 explain these were performance-based stock units earned for the 3-year performance period ending FY2025, and each PSU can convert into up to 200% of one share depending on performance; vesting/conversion occurred on Jan 31, 2026.
• Filing timeliness: Form 4 was filed on Feb 3, 2026, reporting the Jan 31 and Feb 2 transactions. (The filing does not indicate any additional late-report designation.)
• Shares owned after transaction: Not specified in the Form 4; net shares retained from this vesting were 66,873.

Context

• This activity reflects compensation vesting (PSUs) tied to multi-year performance metrics, not an open-market investment decision. The disposal recorded is a routine tax-withholding/sale to satisfy tax obligations rather than a discretionary sell for cash management.
• PSUs differ from options: PSUs convert to shares based on performance rather than requiring an exercise payment, which is why the conversion price is listed as N/A.