Intel EVP Chandrasekaran Converts RSUs; Shares Withheld for Taxes

What Happened Chandrasekaran Nagasubramaniyan, EVP, CT & Ops Officer and GM Foundry at Intel, had 33,007 restricted stock units (RSUs) convert into common shares on July 30, 2026 (transaction code M — exercise/conversion of derivative). To cover tax withholding (code F), 14,738 of those shares were surrendered at an attributable price of $90.04 per share, totaling $1,327,010. Net shares delivered to the insider were 18,269 (33,007 converted − 14,738 withheld). This was a conversion/vesting event with shares withheld for taxes, not an open-market sale.

Key Details

• Transaction date: 2026-07-30
• Conversion: 33,007 RSUs converted into common stock (code M)
• Tax withholding: 14,738 shares withheld at $90.04/share = $1,327,010 (code F)
• Net shares received by insider: 18,269
• Shares owned after transaction: not specified in the filing
• Footnotes: F1 clarifies each RSU equals one share on vesting; F2 notes the RSU vests in eight equal quarterly tranches (1/8th each), beginning Jan 30, 2025
• No 10b5-1 plan or late-filing flag is indicated in the provided filing data

Context This was an RSU vest/conversion event with shares withheld to satisfy tax obligations (a routine administrative action), not a market sale signaling a trade for cash. For derivative transactions like this, “M” indicates conversion/exercise of an award into shares; “F” denotes shares surrendered to cover taxes. Such withholding is common and shouldn’t be read as an investment sentiment indicator.