Form 4: Knowles Corp Executive Daniel J. Giesecke Reports Stock Transactions

Senior Vice President & COO of Knowles Corp, Daniel J. Giesecke, reports acquisition and disposal of common stock and restricted stock units.

Summary

• Daniel J. Giesecke, Senior Vice President & COO of Knowles Corp, reported transactions involving the company's common stock on February 18, 2025.
• He acquired 18,921 shares of common stock at a price of $18.34 per share due to the settlement of performance share units (PSUs).
• He disposed of 8,383 shares of common stock at $18.34 per share to cover tax liabilities related to the PSU settlement.
• He also acquired 24,537 restricted stock units (RSUs) with a value of $0.00.
• Following these transactions, Giesecke directly owns 178,559 shares of Knowles Corp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reports routine stock transactions related to executive compensation. The PSU settlement suggests achievement of performance goals, which is mildly positive.

Positives

• The settlement of performance share units indicates the achievement of certain performance goals during the three-year period from January 1, 2022, through December 31, 2024.
• The grant of restricted stock units aligns executive compensation with long-term company performance.

Future Outlook

The restricted stock units vest ratably over three years, commencing on the first anniversary of the award, suggesting continued alignment of executive compensation with company performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's future prospects.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, restricted stock units, and performance-based incentives.
• The vesting schedule of the restricted stock units (three years) is a typical practice in the industry to ensure long-term commitment from executives.
• Companies like Texas Instruments and Analog Devices also use similar equity-based compensation plans to align executive interests with shareholder value.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
• Employees may be indirectly affected by the performance-based compensation structure, which incentivizes executives to achieve company goals.

Key Dates

Keywords

Form 4, Knowles Corp, Daniel J. Giesecke, Stock Transactions, Performance Share Units, Restricted Stock Units, Beneficial Ownership, Equity Incentive Plan