Form 4: Knowles Corp Director Michael Wishart Acquires Shares as Part of Equity Incentive Plan

Director Michael Wishart acquired 10,740 shares of Knowles Corp common stock at $15.83 per share on April 30, 2024, as part of the company's 2018 Equity and Cash Incentive Plan.

Summary

• On April 30, 2024, Michael Wishart, a director of Knowles Corp, acquired 10,740 shares of common stock.
• The shares were acquired at a price of $15.83 per share.
• This transaction was part of the Knowles Corporation 2018 Equity and Cash Incentive Plan.
• These were Restricted Stock Units (RSUs) awarded as compensation for services as a Director.
• The RSUs will vest on the first anniversary of the grant.
• Following the transaction, Wishart directly owns 58,565 shares of Knowles Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares is generally a good sign, indicating confidence in the company. The transaction is part of a pre-existing equity plan, so it's not unexpected.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The equity incentive plan aligns the director's interests with those of the shareholders.

Future Outlook

The RSUs will vest on the first anniversary of the grant, indicating a future commitment from the director.

Industry Context

Director stock acquisitions are common in publicly traded companies as part of compensation packages and to align management interests with shareholder value.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to incentivize directors and executives.
• Companies like Texas Instruments and Analog Devices also utilize stock options and restricted stock units as part of their compensation packages for directors.
• The vesting schedule of one year is fairly standard for RSU grants.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.
• The equity incentive plan aligns the director's interests with those of the shareholders.

Key Dates