Intel amends CEO Pat Gelsinger's stock awards package

Intel amends CEO Pat Gelsinger's stock awards package

Intel Corp. (Nasdaq: INTC) said in a filing this week it would alter the CEO Pat Gelsinger's stock awards, changing the metrics for him to earn stock awards. The changes "increase the stock price performance hurdles for certain awards" and "provide even greater alignment with stockholders by lengthening the period during which stock price performance hurdles must be maintained." According to Intel's SEC filing Tuesday, Gelsinger's amended compensation raises the threshold for Gelsinger's performance-based awards.