Form 4: Knowles Corp Director Donald Macleod Acquires 10,740 Shares of Common Stock

Director Donald Macleod acquired 10,740 shares of Knowles Corp common stock at a price of $15.83 per share on April 30, 2024, increasing his total holdings to 148,982 shares.

Summary

• On April 30, 2024, Donald Macleod, a director of Knowles Corp, acquired 10,740 shares of common stock.
• The shares were purchased at a price of $15.83 each.
• This transaction increased Macleod's direct ownership to 148,982 shares.
• The acquisition was made through the granting of Restricted Stock Units (RSUs) as compensation for services as a Director pursuant to the Knowles Corporation 2018 Equity and Cash Incentive Plan.
• The RSUs will vest on the first anniversary of the grant.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director increasing their stake in the company is generally viewed favorably, suggesting confidence in the company's prospects. However, it's a routine transaction related to compensation.

Positives

• The director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

Director share acquisitions are common and are often viewed as a positive sign, indicating the director's belief in the company's future performance. It is a common practice for companies to compensate directors with stock and stock options.

Comparison to Industry Standards

• Director compensation packages vary widely across the industry, but equity-based compensation is a common component.
• Companies like Texas Instruments and Analog Devices also use stock options and restricted stock units as part of their director compensation packages.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Next Steps

• The RSUs will vest on the first anniversary of the grant.

Key Dates