Form 4: Knowles Corp President & CEO Jeffrey Niew Executes Stock Option and Sells Shares
SEC Form 4 Filing
Jeffrey Niew, President & CEO of Knowles Corp, exercised stock options and sold shares on November 6, 2024.
Summary
- On November 6, 2024, Jeffrey Niew, the President & CEO of Knowles Corp, exercised non-qualified stock options to acquire 157,699 shares of common stock at a price of $14.29 per share.
- Simultaneously, Niew sold 157,699 shares of common stock at a weighted average price of $18.98, with individual sales ranging from $18.70 to $19.26.
- Following these transactions, Niew directly owns 820,698 shares of Knowles Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The exercise and sale could be for various personal financial reasons and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which is important for investors to monitor.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock activity.
Key Dates
| Date | Description |
|---|---|
| 02/15/2019 | Original date the Non-Qualified Stock Option was exercisable |
| 11/06/2024 | Date of stock option exercise and stock sale |
| 02/15/2025 | Expiration date of the Non-Qualified Stock Option |
| 11/07/2024 | Date of Form 4 signature |
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