Bawa Aparna 4
4 · INTEL CORP · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Intel (INTC) EVP Aparna Bawa Receives Stock Award (RSUs & PSUs)
What Happened
Aparna Bawa, Intel EVP, CLO & CPO, received equity awards on May 30, 2026: 27,274 restricted stock units (RSUs) and 27,274 performance stock units (PSUs). No cash was exchanged — these are grants (derivative awards), not open‑market buys or sales. The filing shows N/A for price because these are awards that convert into shares if and when they vest.
Key Details
- Transaction date: May 30, 2026; Form 4 filed June 2, 2026 (filed within two business days of the reported date).
- Awards: 27,274 RSUs and 27,274 PSUs (54,548 units total). Price reported as N/A (award/derivative).
- Shares owned after transaction: not reported in the provided filing details.
- RSU vesting (footnote): each RSU converts to one share and vests in three equal annual installments starting on the first anniversary of the grant (or the next business day if that anniversary is not a business day).
- PSU terms (footnote): each PSU can convert to up to 200% of one share (performance‑based). PSUs vest and convert on January 31, 2029 (or the next business day), with payout contingent on performance over a three‑year period approved by the Talent & Compensation Committee.
- These grants are awards (code A on Form 4), not purchases or sales; no 10b5‑1 or tax‑withholding details were disclosed in the provided notes.
Context
RSUs are straightforward time‑based awards that become shares as they vest. PSUs are performance‑based and can pay out between 0%–200% of the target number depending on achievement of pre‑set metrics; in this case the 27,274 PSUs could convert to as many as 54,548 shares at maximum performance. Combined, the awards could result in up to 81,822 shares if PSUs pay at 200% and all RSUs vest. Awards to executives are common as part of compensation plans and do not by themselves indicate buy/sell signals.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-05-30+27,274→ 27,274 total→ Common Stock (27,274 underlying) - Award
Performance Stock Units
[F3][F4]2026-05-30+27,274→ 27,274 total→ Common Stock (27,274 underlying)
Footnotes (4)
- [F1]Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock.
- [F2]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.
- [F3]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.
- [F4]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.