Form 4: Knowles Corp Executive Sells Shares for Tax Obligations

Knowles Corp's SVP, General Counsel & Secretary, Robert J. Perna, disposed of 3,086 shares of common stock to cover tax liabilities related to a restricted stock grant.

Summary

• Robert J. Perna, SVP, General Counsel & Secretary of Knowles Corp (KN), reported a transaction involving the disposition of shares.
• The transaction occurred on February 20, 2026, and involved 3,086 shares of Knowles Corp Common Stock.
• The shares were disposed of at a price of $27.54 per share.
• This disposition was specifically for the payment of tax liability incident to the vesting of a restricted stock grant.
• The original restricted stock grant was issued on February 20, 2024.
• Following this transaction, Perna directly owns 87,694 shares and indirectly owns 9,221 shares through a Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a standard tax withholding related to executive compensation and does not reflect a discretionary sale or purchase.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership changes. This specific transaction, a tax withholding related to restricted stock vesting, is a common occurrence and not typically indicative of a change in management's outlook on the company.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of restricted stock is a standard and widely accepted method of managing executive compensation and tax liabilities across publicly traded companies, aligning with common corporate governance practices for equity awards.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale driven by a change in investment outlook.
• Employees: No direct impact on employees.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders.

Key Dates

Recommendation

This Form 4 filing reports a non-discretionary sale of shares by an insider to cover tax obligations related to a restricted stock vesting. Such transactions are routine and do not typically signal a change in the company's fundamentals or the insider's long-term view. Therefore, it provides no new information to alter an existing investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Knowles Corp, KN, Form 4, insider transaction, stock sale, restricted stock, tax withholding, Robert J. Perna