TAN LIP BU bought INTC
March 18, 2025 · Form 4 insider transaction
TAN LIP BU bought 745,870 shares of Intel Corporation, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Each performance stock unit (PSU) represents the contingent right to receive, following vesting, up to 300% of one share of Intel common stock.; Unless earlier forfeited under the terms of the PSU, the PSU vests and converts into no more than 300% of one share of Intel common stock beginning on the third anniversary of the grant date, with 50% vesting on the third anniversary of the grant date and 25% on each of the fourth and fifth anniversaries of the grant date unless any such date falls on a non-business date, in which case the next business date shall apply. The number of shares of Intel common stock acquired upon vesting of the PSUs is contingent upon the achievement of a pre-established performance metric, as approved by the Company's Talent and Compensation Committee, over a three-year performance period, as further described in the Offer Letter between Intel and the reporting person dated March 10, 2025 (Offer Letter), Exhibit 10.1 to Intel's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 14, 2025.