Zinsner David 4
4 · INTEL CORP · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Intel (INTC) CFO David Zinsner Exercises RSUs, Sells Shares for Taxes
What Happened
David Zinsner, EVP and Chief Financial Officer of Intel, had 37,015 restricted stock units (RSUs convert/vest) on 2026-06-01. To cover tax withholding related to the vesting, 18,353 shares were withheld/sold at $109.82 per share, producing $2,015,526. The net shares delivered to Zinsner after withholding were 18,662 (37,015 vested minus 18,353 withheld). This was a routine tax-withholding disposition tied to an award vesting, not an open-market sale or a purchase.
Key Details
- Transaction date: June 1, 2026. Form 4 filed June 2, 2026 (timely filing).
- Vesting/conversion: 37,015 RSUs converted to common shares (code M = exercise/conversion of derivative).
- Tax withholding/disposition: 18,353 shares withheld/disposed at $109.82 each for $2,015,526 (code F = payment of exercise price or tax liability).
- Net shares received: 18,662 shares after withholding.
- Footnotes: F1 clarifies each RSU equals one share upon vesting; F3 describes typical three-year vesting schedule; F2 notes 561 shares were acquired earlier under Intel’s ESPP (Feb 19, 2026).
- Filing timeliness: Not marked late; filed the next day (within normal Form 4 deadlines).
Context
This activity reflects routine vesting and tax withholding for equity compensation. Withholding/sale to cover taxes is common and does not necessarily indicate insider sentiment about the company’s stock. This was not an open-market purchase or discretionary sale by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-01+37,015→ 401,933 total - Tax Payment
Common Stock
2026-06-01$109.82/sh−18,353$2,015,526→ 383,580 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-01−37,015→ 0 total→ Common Stock (37,015 underlying)
Footnotes (3)
- [F1]Each restricted stock unit (RSU) represents the right to receive, following vesting, one share of Intel common stock.
- [F2]Includes 561 shares acquired under the Company's Employee Stock Purchase Plan on February 19, 2026.
- [F3]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.