Restricted Stock Units (RSU)
Generally, Intel grants Restricted Stock Units (RSU) to certain eligible employees on an annual basis. It’s one way we recognize your commitment to the wonderful work we do at Intel.
What is an RSU?
A RSU is an agreement by Intel to issue you a share of stock once you have satisfied the vesting requirements and any tax withholding requirements. RSUs don't require an exercise and they don’t expire. RSUs don’t have to be purchased; once they vest they are automatically converted to shares of stock and will have value at any market price.
When is my RSU available to view?
RSUs are granted in January, April, July, and October at the end of the month. Your grant is loaded to E*TRADE within approximately one week after grant date, at which time you will receive E*TRADE account activation instructions by way of email. Then you may login to your E*TRADE account to access further details.
Here’s the general timing that you can expect:
Note: If you were re-hired to work at Intel, you will already have an account open. That same account will be used for any future stock awards.
What are the vesting requirements for RSUs?
The vesting schedule specifies dates and the number of RSUs that will convert to shares of Intel stock as of each date. Vesting schedule requirements are typically met through continuous employment. If you are employed by Intel on a vesting date, the number of RSUs scheduled to vest will vest on that day. Once all applicable tax withholding has been satisfied, shares from vested RSUs are deposited into your E*TRADE account.