Form 4: Knowles Corp Executive Daniel J. Giesecke Reports Stock Sale
SEC Form 4 Filing
Senior Vice President & COO of Knowles Corp, Daniel J. Giesecke, reports selling 323 shares of common stock at $19.39 per share on November 7, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On November 7, 2024, Daniel J. Giesecke, Senior Vice President & COO of Knowles Corp, sold 323 shares of common stock.
- The sale was executed at a price of $19.39 per share.
- Following the transaction, Giesecke directly owns 149,717 shares of Knowles Corp common stock.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 17, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale by a company executive could have a minor negative impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| May 17, 2024 | Date of adoption of Rule 10b5-1 trading plan |
| November 07, 2024 | Date of stock sale transaction |
| November 11, 2024 | Date of Form 4 filing |
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