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Intel CEO sold all the stock he could after Intel learned of security bug
https://arstechnica.com/information...-before-security-bug-reveal-raises-questions/
Intel's corporate bylaws mandate a certain amount of stock ownership by executives and board members by the time they've been with the company for five years. Here are the amounts based on rank within the company:
Title Minimum Number of Shares
CEO 250,000
Executive chairman and president 150,000
CFO 125,000
Executive vice president 100,000
Senior vice president 65,000
Corporate vice president 35,000
Other VPs, Intel Fellows, and senior leaders 5,000-10,000
Since Krzanich was appointed Intel CEO in May of 2013, he'll need to have 250,000 shares by May 2018 -- or about five months from now.
What's interesting, then, is that before Krzanich made any of the transactions that he reported in his most recently filed Form 4, he held 495,743 shares.
After the options exercises and subsequent sales (which left Krzanich's position unchanged at 495,743 shares), Krzanich then made two more transactions: a sale of 242,830 shares and a sale of 2,913 shares, with each transaction happening at an average price of $44.555, per the filing.
Those two transactions left Krzanich with exactly 250,000 shares -- the bare minimum that he's required to hold as CEO.
Since Krzanich was appointed Intel CEO in May of 2013, he'll need to have 250,000 shares by May 2018 -- or about five months from now.
What's interesting, then, is that before Krzanich made any of the transactions that he reported in his most recently filed Form 4, he held 495,743 shares.
After the options exercises and subsequent sales (which left Krzanich's position unchanged at 495,743 shares), Krzanich then made two more transactions: a sale of 242,830 shares and a sale of 2,913 shares, with each transaction happening at an average price of $44.555, per the filing.
Those two transactions left Krzanich with exactly 250,000 shares -- the bare minimum that he's required to hold as CEO.
https://www.fool.com/investing/2017/12/19/intels-ceo-just-sold-a-lot-of-stock.aspx
https://arstechnica.com/information...-before-security-bug-reveal-raises-questions/
Intel's corporate bylaws mandate a certain amount of stock ownership by executives and board members by the time they've been with the company for five years. Here are the amounts based on rank within the company:
Title Minimum Number of Shares
CEO 250,000
Executive chairman and president 150,000
CFO 125,000
Executive vice president 100,000
Senior vice president 65,000
Corporate vice president 35,000
Other VPs, Intel Fellows, and senior leaders 5,000-10,000
Since Krzanich was appointed Intel CEO in May of 2013, he'll need to have 250,000 shares by May 2018 -- or about five months from now.
What's interesting, then, is that before Krzanich made any of the transactions that he reported in his most recently filed Form 4, he held 495,743 shares.
After the options exercises and subsequent sales (which left Krzanich's position unchanged at 495,743 shares), Krzanich then made two more transactions: a sale of 242,830 shares and a sale of 2,913 shares, with each transaction happening at an average price of $44.555, per the filing.
Those two transactions left Krzanich with exactly 250,000 shares -- the bare minimum that he's required to hold as CEO.
Since Krzanich was appointed Intel CEO in May of 2013, he'll need to have 250,000 shares by May 2018 -- or about five months from now.
What's interesting, then, is that before Krzanich made any of the transactions that he reported in his most recently filed Form 4, he held 495,743 shares.
After the options exercises and subsequent sales (which left Krzanich's position unchanged at 495,743 shares), Krzanich then made two more transactions: a sale of 242,830 shares and a sale of 2,913 shares, with each transaction happening at an average price of $44.555, per the filing.
Those two transactions left Krzanich with exactly 250,000 shares -- the bare minimum that he's required to hold as CEO.
https://www.fool.com/investing/2017/12/19/intels-ceo-just-sold-a-lot-of-stock.aspx
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