Form 4: Knowles Corp Executive Exercises Stock Options, Sells Shares for Tax Obligations
SEC Form 4
Raymond D. Cabrera, SVP, HR & Chief Admin. Officer of Knowles Corp, exercised stock options and sold shares to cover the exercise price and tax liability on September 20, 2024.
Summary
- On September 20, 2024, Raymond D. Cabrera, SVP, HR & Chief Admin. Officer of Knowles Corp, exercised non-qualified stock options to acquire 27,829 shares of common stock at a price of $14.29 per share.
- Concurrently, Mr. Cabrera disposed of 24,972 shares of common stock at a price of $17.52 per share to cover the option exercise price and associated tax obligations.
- Following these transactions, Mr. Cabrera directly owns 97,727 shares of Knowles Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation, with no indication of positive or negative sentiment.
Industry Context
Executive stock option exercises and subsequent sales for tax purposes are a common practice in publicly traded companies. This filing provides transparency into executive compensation and stock ownership at Knowles Corp.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard executive compensation activity.
Key Dates
| Date | Description |
|---|---|
| 02/15/2019 | Date Non-Qualified Stock Option was exercisable |
| 02/15/2025 | Expiration date of Non-Qualified Stock Option |
| 09/20/2024 | Date of stock option exercise and share disposal |
| 09/23/2024 | Date of signature for the report |
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