Form 4: Knowles Corp Executive Reports Stock Transactions
SEC Form 4 Filing
Raymond D. Cabrera, SVP, HR & Chief Admin. Officer of Knowles Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Raymond D. Cabrera, a senior executive at Knowles Corp, reported transactions involving the company's common stock on February 18, 2025.
- These transactions include the acquisition of 14,191 shares at $18.34 related to the settlement of performance share units (PSUs).
- Cabrera also disposed of 6,287 shares at $18.34 to cover tax liabilities associated with the PSU settlement.
- Additionally, 19,084 restricted stock units (RSUs) were granted under the company's equity incentive plan, vesting ratably over three years.
- Following these transactions, Cabrera beneficially owns 119,917 shares of Knowles Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to executive compensation. There are no indications of significant positive or negative developments.
Positives
- The settlement of performance share units indicates the achievement of certain performance goals within the company.
- The grant of restricted stock units suggests continued investment in employee retention and motivation.
Negatives
- The disposal of shares to cover tax liabilities, while standard, slightly reduces Cabrera's direct holdings.
Future Outlook
The restricted stock units vest ratably over three years, suggesting continued alignment of executive compensation with long-term company performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to the SEC. These transactions can provide insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| January 1, 2022 | Start date of the three-year performance period for the performance share units. |
| February 7, 2022 | Date of the grant of performance share units. |
| December 31, 2024 | End date of the three-year performance period for the performance share units. |
| February 18, 2025 | Date of the reported stock transactions. |
| February 20, 2025 | Date of signature for the report. |
Keywords
Knowles Corp, Raymond D. Cabrera, Stock Transactions, Form 4, Performance Share Units, Restricted Stock Units, Beneficial Ownership, Equity Incentive Plan
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