SANTA CLARA, Calif. (AP) – Government filings are showing that Intel’s CEO sold shares in his company several months after Google informed the chipmaker of a serious security problem affecting its products.
CEO Brian Krzanich sold about $39 million in stocks and options in late November, before the security vulnerability was publicly known.
The company didn’t respond to inquiries about the timing of Krzanich’s divestments.
Intel says it was notified about the bugs in June and has worked with other companies to verify the vulnerability and develop ways to fix or mitigate it. It says it planned to publicly disclose the problem next week. It was forced to address it earlier because of a Wednesday news report.
GBH Insights Chief Strategy Analyst Daniel Ives says Krzanich’s stock sale was “cookie cutter” and not a concern.
Copyright 2018 The Associated Press.