Intel's CEO Just Sold a Lot of Stock
On Nov. 29, Brian Krzanich, the CEO of chip giant Intel (NASDAQ: INTC), reported several transactions in Intel stock in a Form 4 filing with the SEC.
Most of the transactions involved Krzanich exercising employee stock options (these options allowed Krzanich to purchase Intel shares at prices significantly below where they are currently trading) and then immediately selling those shares that he bought at a discount on the open market.
Krzanich. Image source: Intel.
Source: Fool.com
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