Form 4: Knowles Corp Executive John S. Anderson Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Senior Vice President & CFO of Knowles Corp, John S. Anderson, sold 10,444 shares of common stock at $18.50 per share on August 23, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On August 23, 2024, John S. Anderson, Senior Vice President & CFO of Knowles Corp, sold 10,444 shares of the company's common stock.
- The sale was executed at a price of $18.50 per share.
- Following the transaction, Anderson directly owns 211,200 shares of Knowles Corp.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 15, 2024.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often part of a pre-planned diversification strategy or for personal financial management. The use of a 10b5-1 trading plan allows insiders to sell shares without being accused of trading on non-public information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| May 15, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| August 23, 2024 | Date of the transaction (stock sale) |
| August 27, 2024 | Date of the Form 4 filing |
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