Form 4: Knowles Corp Senior Vice President & CFO Exercises Stock Options and Sells Shares

Knowles Corp's Senior Vice President & CFO, John S. Anderson, exercised stock options and sold shares to cover the exercise price and tax obligations.

Summary

• On December 3, 2024, John S. Anderson, Senior Vice President & CFO of Knowles Corp, exercised non-qualified stock options to acquire 40,193 shares of common stock at a price of $16.07 per share.
• Following the exercise of the options, Mr. Anderson sold 35,739 shares at a price of $19.89 per share to cover the cost of the option exercise and associated tax liabilities.
• After these transactions, Mr. Anderson directly owns 205,211 shares of Knowles Corp common stock and no derivative securities.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction, with no indication of positive or negative sentiment. It is a standard practice for executives.

Industry Context

This is a routine transaction for a company executive exercising stock options and selling shares to cover costs and taxes. It is a common practice and does not indicate any specific trend or issue within the company or industry.

Comparison to Industry Standards

• Executive stock option exercises and subsequent sales are standard practice across publicly traded companies.
• The sale of shares to cover exercise costs and taxes is a common method to manage personal finances for executives.
• The transaction is consistent with typical insider trading activity and does not raise any red flags.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock option exercise and sale.

Key Dates

Keywords

stock options, insider trading, executive compensation, share sale, Knowles Corp, Form 4