Form 4: Knowles Corp Executive Daniel J. Giesecke Reports Stock Transaction
SEC Form 4 Filing
Senior Vice President & COO of Knowles Corp, Daniel J. Giesecke, reports disposition of shares to cover tax obligations related to vesting of restricted stock.
Summary
- On February 20, 2025, Daniel J. Giesecke, Senior Vice President & COO of Knowles Corp, disposed of 3,968 shares of common stock to cover tax liabilities.
- The transaction was related to the vesting of a restricted stock grant issued on February 20, 2024.
- The shares were disposed of at a price of $17.84 per share.
- Following the transaction, Giesecke directly owns 174,591 shares of Knowles Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Date of restricted stock grant issuance |
| 02/20/2025 | Date of stock disposition for tax liability |
| 02/24/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Knowles Corp, Daniel J. Giesecke, Stock Transaction, Restricted Stock, Beneficial Ownership, Tax Liability
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