Equity & Execs

Intel shareholders have approved an equity incentive plan aimed at attracting, retaining, and motivating employees, executives, and directors. The "2023 Equity Incentive Plan" allows Intel to issue stock options, stock appreciation rights, restricted stock, restricted stock units, and performance awards. The plan authorizes the issuance of up to 400 million shares of common stock. This aims to align employee and executive compensation with the company's performance and shareholder value, incentivizing individuals to contribute to Intel's long-term success. Proponents argued the plan is vital for competing in the talent market, especially in the competitive semiconductor industry. Some shareholder advisory firms, like ISS and Glass Lewis, had recommended voting against the plan, citing concerns about the potential dilution of existing shareholders' equity and the overall size of the share reserve relative to Intel's current market capitalization. They also raised questions about the plan's alignment with best practices in executive compensation. Despite these concerns, the majority of Intel shareholders ultimately voted in favor of the plan, indicating a belief that the benefits of retaining and motivating talent outweigh the potential dilution risks. The approval grants Intel the flexibility to use equity-based compensation to drive performance and achieve its strategic objectives. find the original article here: https://finance.yahoo.com/news/intel-shareholders-approve-equity-incentive-164635550.html