Form 4: Knowles Corp Executive Daniel J. Giesecke Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Daniel J. Giesecke, a Senior Vice President & COO at Knowles Corp, reported disposing of shares to cover tax liabilities related to vesting restricted stock grants.
Summary
- On February 6, 2025, Daniel J. Giesecke disposed of 3,448 shares of Knowles Corp common stock at a price of $18.56 to cover tax obligations related to a restricted stock grant that vested on February 6, 2023.
- On February 7, 2025, Giesecke disposed of 2,785 shares of Knowles Corp common stock at a price of $18.22 to cover tax obligations related to a restricted stock grant that vested on February 7, 2022.
- Following these transactions, Giesecke directly owns 143,484 shares of Knowles Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock disposals for tax purposes, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock; this filing indicates routine tax-related stock disposals.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time.
- Upon vesting, these RSUs are subject to income tax, and it's common for executives to sell a portion of the newly vested shares to cover the tax liability.
- This practice is widespread across publicly traded companies and is not unique to Knowles Corp.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Date of restricted stock grant related to the February 7, 2025 transaction. |
| 02/06/2023 | Date of restricted stock grant related to the February 6, 2025 transaction. |
| 02/06/2025 | Date of transaction where 3,448 shares were disposed of. |
| 02/07/2025 | Date of transaction where 2,785 shares were disposed of. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
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