---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-290385"
form_type: "8-K"
ticker: "INTC"
cik: "0000050863"
company_name: "INTEL CORP"
filed_at: "2022-11-22T23:59:59+00:00"
generated_at: "2026-06-21T14:24:29.935284+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Intel elects BlackRock co-founder Novick to board; tightens CEO equity hurdles and NEO comp program

## Summary
- Barbara G. Novick, BlackRock co-founder, elected to Intel board effective Dec 1, 2022 as independent director.
- CEO Gelsinger's performance options hurdle raised from 30% ($64.54) to 50% ($74.47); maintenance period extended to 90 days.
- Strategic Growth and Outperformance PSUs: removed 3-year vesting, now vest at 5-year anniversary only if hurdle met; maintenance 90 days.
- NEO LTI mix shifted to 60% PSUs/40% RSUs for non-CEO (previously 50/50); RSU vesting changed to 3 annual installments.
- Commitments: by 2025 PSUs based on multi-year goals; no future new-hire solely stock-price based; cap at 100% if goals modified.

## SEC filing metadata
- accession: 0001193125-22-290385
- form_type: 8-K
- ticker: INTC
- cik: 0000050863
- company_name: INTEL CORP
- filed_at: 2022-11-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50863/000119312522290385/0001193125-22-290385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50863/000119312522290385/d310344d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-290385
- JSON: https://secwatch.observer/filing/0001193125-22-290385.json
- Plain text: https://secwatch.observer/filing/0001193125-22-290385.txt

## Key facts
- Executive change
  Barbara G. Novick was elected as Director at INTEL CORP.
  - Action: elected
  - Role: Director
  source text: the Board elected Barbara G. Novick to the Board, effective December 1, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/50863/000119312522290385/0001193125-22-290385-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.