Cybersecurity
Intel CEO’s Stock Sales May Warrant SEC Examination
- Company says sale had nothing to do with chip vulnerability
- Executive was using pre-arranged trading plan adopted in 2015
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Intel Corp. Chief Executive Officer Brian Krzanich’s sale of a chunk of company stock in the fourth quarter of last year has prompted questions about the transaction’s timing because it happened after the discovery that modern processors are vulnerable to hackers.
Intel says Krzanich’s sales were part of a pre-arranged stock plan with an automated schedule, but some securities lawyers say the larger-than-usual transaction will probably be examined by the U.S. Securities & Exchange Commission.