Form 4: Knowles Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Air A. Bastarrica, Jr., Vice President and Controller of Knowles Corp, disposed of shares to cover tax liabilities related to vesting restricted stock grants.
Summary
- On February 6, 2025, Air A. Bastarrica, Jr., Vice President and Controller of Knowles Corp, disposed of 2,178 shares of common stock at a price of $18.56 to cover tax liabilities.
- This disposal was incident to the vesting of a restricted stock grant issued on February 6, 2023.
- On February 7, 2025, Bastarrica also disposed of 1,395 shares at $18.22 to cover tax liabilities related to a restricted stock grant issued on February 7, 2022.
- Following these transactions, Bastarrica directly owns 58,526 shares of Knowles Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares to cover tax obligations, which is a common practice and doesn't necessarily reflect a change in the company's outlook.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. They do not necessarily indicate a change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/07/2022 | Date of restricted stock grant related to share disposal on 02/07/2025 |
| 02/06/2023 | Date of restricted stock grant related to share disposal on 02/06/2025 |
| 02/06/2025 | Air A. Bastarrica disposed of 2,178 shares of common stock at $18.56. |
| 02/07/2025 | Air A. Bastarrica disposed of 1,395 shares of common stock at $18.22. |
| 02/10/2025 | Date of Form 4 filing. |
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