Form 4: Knowles Corp Director Erania Brackett Acquires 10,740 Shares of Common Stock

Director Erania Brackett acquired 10,740 shares of Knowles Corp common stock at $15.83 per share on April 30, 2024, increasing her total holdings to 31,363 shares.

Summary

• On April 30, 2024, Erania Brackett, 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 Brackett's direct ownership to 31,363 shares of Knowles Corp common stock.
• The acquisition was made through the award 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: 6

Explanation: Neutral sentiment as it reports a standard transaction. The director's increased stake could be seen as mildly positive, but it's not a major event.

Positives

• A director's increased investment in the company may signal confidence in its future performance.

Future Outlook

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

Industry Context

This is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company insiders.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly listed companies.
• The level of ownership is not significant enough to be considered a major event.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates