Form 4: Knowles Corp CEO Jeffrey Niew Reports Stock Transaction
SEC Form 4 Filing
Knowles Corp CEO Jeffrey Niew reports disposition of shares to cover tax obligations related to vesting of restricted stock.
Summary
- On February 20, 2025, Jeffrey Niew, President & CEO and Director of Knowles Corp, disposed of 17,456 shares of common stock to cover tax liabilities.
- The transaction was related to the vesting of a restricted stock grant issued on February 20, 2024.
- The shares were disposed of at a price of $17.84 per share.
- Following the transaction, Niew beneficially owns 939,370 shares of Knowles Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vesting of stock grants, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Date of restricted stock grant issuance |
| 02/20/2025 | Date of stock disposal for tax liability |
| 02/24/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Knowles Corp, Jeffrey Niew, Stock Transaction, Beneficial Ownership, Restricted Stock, Tax Liability
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