Form 4: Knowles Corp. SVP & CFO John Anderson Reports Stock Disposals for Tax Obligations
SEC Form 4
John Anderson, Senior Vice President & CFO of Knowles Corp, reported disposing of shares to cover tax liabilities related to vesting restricted stock grants.
Summary
- On February 6, 2025, John Anderson, Senior Vice President & CFO of Knowles Corp, disposed of 5,147 shares of common stock at a price of $18.56 to cover tax liabilities related to the vesting of a restricted stock grant issued on February 6, 2023.
- Following this transaction, Anderson directly owns 200,064 shares of Knowles Corp common stock.
- On February 7, 2025, Anderson disposed of 4,003 shares of common stock at a price of $18.22 to cover tax liabilities related to the vesting of a restricted stock grant issued on February 7, 2022.
- Following this transaction, Anderson directly owns 196,061 shares of Knowles Corp common stock.
- The disposals were conducted to satisfy tax obligations associated with the vesting of restricted stock grants, in accordance with Rule 16b-3.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects routine transactions to cover tax obligations. There is no indication of positive or negative implications for the company's performance.
Industry Context
This is a routine filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock vests. These transactions are governed by SEC regulations to prevent insider trading.
Key Dates
| Date | Description |
|---|---|
| 02/06/2023 | Date of restricted stock grant related to the February 6, 2025 transaction. |
| 02/07/2022 | Date of restricted stock grant related to the February 7, 2025 transaction. |
| 02/06/2025 | Date of stock disposal to cover tax liabilities. |
| 02/07/2025 | Date of stock disposal to cover tax liabilities. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
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