Form 4: Knowles Corp Director Cheryl Shavers Reports Acquisition of 10,740 Shares

Director Cheryl Shavers reports acquiring 10,740 shares of Knowles Corp common stock on April 30, 2024, as part of a compensation package.

Summary

• Cheryl Shavers, a director of Knowles Corp, reported a transaction on April 30, 2024.
• She acquired 10,740 shares of common stock at a price of $15.83 per share.
• These shares were awarded as Restricted Stock Units (RSUs) as compensation for her services as a director, according to the Knowles Corporation 2018 Equity and Cash Incentive Plan.
• The RSUs will vest on the first anniversary of the grant date.
• Following this transaction, Shavers directly owns 61,512 shares of Knowles Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction of stock-based compensation to a director, which is generally viewed as a sign of alignment between management and shareholder interests.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The RSUs will vest on the first anniversary of the grant, indicating a future event related to the shares.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it demonstrates the director's alignment with the company's success.

Key Dates