Intel's former CEO, Pat Gelsinger, is set to receive a significant payout following his departure from the company. According to a filing with the Securities and Exchange Commission, Gelsinger will receive 18 months of his base annual salary of $1.25 million, along with a bonus of about $3.4 million payable over 18 months. Additionally, he will be eligible for a portion of his 2024 bonus.
In total, Gelsinger's exit package amounts to at least $10 million. He also owns approximately 646,000 shares in Intel, valued at over $14.5 million as of a recent regulatory filing.
