Form 4: Knowles VP Controller Sells Shares for Tax
Insider Transaction Report
Knowles Corp's Vice President and Controller, Air A. Bastarrica Jr., disposed of 2,337 shares of common stock to cover tax liabilities related to a restricted stock vesting.
Summary
- Air A. Bastarrica, Jr., Vice President and Controller of Knowles Corp (KN), reported a transaction on February 6, 2026.
- The transaction involved the disposition of 2,337 shares of Knowles Corp Common Stock at a price of $26.98 per share.
- This disposition was made to satisfy tax withholding obligations incident to the vesting of a restricted stock grant.
- The original restricted stock grant was issued on February 6, 2023.
- Following this transaction, Air A. Bastarrica, Jr. beneficially owns 60,200 shares of Knowles Corp Common Stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax-related disposition of shares upon restricted stock vesting, which is a common occurrence in executive compensation.
Industry Context
StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, specifically the disposition of shares by an executive to cover tax liabilities associated with the vesting of restricted stock. This is a common occurrence in executive compensation plans and typically does not reflect a change in the company's operational performance or the executive's long-term outlook on the company.
Stakeholder Impact
- Shareholders may observe a minor reduction in insider ownership, but this is a standard tax-related transaction and typically has minimal impact on overall shareholder sentiment or company valuation.
Key Dates
| Date | Description |
|---|---|
| 02/06/2023 | Restricted stock grant issued to Air A. Bastarrica, Jr. |
| 02/06/2026 | Transaction date for disposition of shares due to restricted stock vesting and tax withholding. |
| 02/10/2026 | Signature date of the reporting person's representative. |
Recommendation
holdThe transaction is a routine disposition of shares to cover tax obligations related to the vesting of restricted stock and does not reflect a change in the reporting person's investment conviction or the company's fundamentals. Therefore, it does not warrant a change in investment recommendation.
Keywords
Knowles Corp, KN, Form 4, insider transaction, stock sale, tax withholding, restricted stock, executive compensation
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