NOVICK BARBARA 4

What Happened

• Barbara Novick, a director of Intel Corporation, received two awards of restricted stock units (RSUs) on 2026-05-13 totaling 4,284 RSUs (2,782 RSUs + 1,502 RSUs). The grant is a derivative award (no purchase price reported), and each RSU represents the right to receive one share of Intel common stock upon vesting.

Key Details

• Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (appears timely).
• Amounts granted: 2,782 RSUs and 1,502 RSUs (total 4,284 RSUs). Price: N/A (derivative award).
• Vesting/settlement: Reporting person elected to defer settlement until termination of board service (footnote); 100% of RSUs vest and convert into common stock on the earlier of the first anniversary of the grant date (or next business day) or the 2027 Annual Stockholders' Meeting.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 = each RSU converts to one share at vesting; F2 = deferred settlement election; F3 = 100% vests by anniversary or 2027 meeting.

Context

• This is a grant/award (not a buy or sell) — awards are routine compensation for directors and do not by themselves indicate buying or selling sentiment. Because settlement is deferred, Ms. Novick has elected to delay receiving the underlying shares until she leaves the board, which is a common tax/compensation election rather than an immediate market action.