Form 4: Knowles Corp Executive Exercises Stock Options and Sells Shares

Air A. Bastarrica Jr., Vice President and Controller at Knowles Corp, exercised stock options and sold shares to cover the exercise price and tax obligations.

Summary

• Air A. Bastarrica Jr., a Vice President and Controller at Knowles Corp, executed a transaction involving company stock on December 4, 2024.
• He exercised 4,482 non-qualified stock options at a price of $16.77 per share.
• Following the exercise, 4,064 shares were sold at $19.82 per share to cover the cost of the option exercise and associated tax liabilities.
• After these transactions, Mr. Bastarrica directly owns 62,099 shares of Knowles Corp common stock and no derivative securities.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by a company executive, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine transaction for a company executive and is not unusual. It is common for executives to exercise stock options and sell shares to cover the costs and taxes.

Comparison to Industry Standards

• Stock option exercises and sales by executives are a common practice across publicly traded companies.
• The timing and pricing of these transactions are often dictated by vesting schedules and personal financial planning.
• Similar transactions can be observed in companies like Texas Instruments (TXN) and Analog Devices (ADI), where executives regularly exercise options and sell shares.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock option exercise and sale.

Key Dates

Keywords

stock options, insider trading, executive compensation, share transaction, Knowles Corp, Form 4