Intel
His other new-hire awards, with parameters that were adjusted in 2022, are also in danger of being wiped out progressively.
If Intel stock doesn't trade at $148.95 for 90 calendar days by Feb. 15, 2026 — about 16 months from now, the fifth anniversary of Gelsinger's hiring — outperformance PSUs with an accounting value of $45.7 million at the grant date will be canceled.
If shares don't trade at $74.47 for those same time parameters, performance stock options valued at $29.1 million are gone. If shares don't reach $64.54, $34.2 million of strategic growth PSUs will wither and die.
Hitting $64.54, $74.47, and $148.95 would require Intel stock to rocket 185%, 228%, and 557%, respectively, from Friday's close.