Form 4: Knowles Corp Executive Daniel J. Giesecke Executes Stock Option, Disposes of Shares for Tax Obligations

Senior Vice President & COO of Knowles Corp, Daniel J. Giesecke, exercised stock options and disposed of shares to cover the exercise price and tax liability.

Summary

• On November 6, 2024, Daniel J. Giesecke, Senior Vice President & COO of Knowles Corp, exercised non-qualified stock options to acquire 34,787 shares of common stock at a price of $14.29 per share.
• Following the exercise, Giesecke disposed of 29,721 shares at $19.35 per share to cover the option exercise price and associated tax liability.
• After these transactions, Giesecke directly owns 150,040 shares of Knowles Corp common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction. It is neutral in sentiment as it simply reports the facts of the stock option exercise and share disposal.

Industry Context

Executive stock option exercises and subsequent share disposals for tax purposes are a common practice in publicly traded companies. This filing provides transparency into executive compensation and stock ownership at Knowles Corp.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small dilution of shares.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates