Form 4: Knowles Corp. SVP & CFO John Anderson Executes Stock Option, Disposes of Shares for Tax Obligations

John Anderson, Senior Vice President & CFO of Knowles Corp, exercised stock options and disposed of shares to cover the exercise price and tax liability.

Summary

• On July 11, 2024, John Anderson, Senior Vice President & CFO of Knowles Corp, exercised non-qualified stock options to acquire 46,382 shares of common stock at a price of $14.29 per share.
• Concurrently, Anderson disposed of 40,270 shares of common stock at a price of $18.52 per share to cover the option exercise price and associated tax liability.
• Following these transactions, Anderson directly owns 221,644 shares of Knowles Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock option exercises and share disposals, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management's interests with those of shareholders.
• Form 4 filings are standard practice and are comparable across all publicly traded companies in the US.
• The details of the stock option plan are not available in this document, so it is not possible to compare the terms to industry benchmarks.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine exercise of stock options and disposal of shares for tax purposes.

Key Dates